CIPS L4M7 Whole life asset management study guide PART 3

(This is the 3rd part of our 3-part video series designed to summaries what you are to cover when talking CIPS L4M7
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Watch PART 1:    • CIPS L4M7 whole life asset management...  
Watch PART 2:    • CIPS L4M7 Whole life asset management...  


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About this video:
This video covers the third part of CIPS L4M7 whole life asset management, in which you are supposed to UNDERSTAND THE CONCEPT OF THROUGH LIFE COST
There are 3 learning outcomes in this part, which means you should be in position to;
1. Analyse the contributing factors when establishing total cost of ownership
2. Compare the factors to consider when building a whole-life cost model
3. Identify the contributing elements of end-of-life costs
Remember, the whole point of cips l4m7 is to drive 3 broad objectives home;
a) Inventory storage and movement
b) Effective ways of controlling inventory
c) The whole concept of life cost irrespective of whether you buy, hire or lease something
And as you are studying this you quickly realize that these 3 are actually the basis of the whole course outline for the L4M7 whole life asset management something we intend to explore.


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