Preview Questions Inventory Controller | Role Specific Skill

Question 1: What is the key purpose of implementing a vendor-managed inventory (VMI) system in construction material procurement?

Which action should you take?

Choose only one option

To allow suppliers to manage inventory levels directly and replenish stock as needed

To reduce the number of vendors involved in a project

To reduce the frequency of stock audits and inspections

To prevent suppliers from overstocking materials at the project site

Question 2: How does effective data segmentation help in inventory reporting for large construction projects?

Which action should you take?

Choose only one option

It enables focused analysis and reporting on specific material categories, improving decision-making

It speeds up inventory turnover by decreasing lead times

It reduces the accuracy of the reports by narrowing the data scope

It allows for greater supplier negotiation power by consolidating data

Question 3: What is the role of data validation in inventory reporting for a construction project?

Which action should you take?

Choose only one option

To eliminate the need for system backups

To reduce the frequency of inventory checks

To ensure accuracy and consistency of inventory records before generating reports

To speed up the reporting process

Question 4: What is the best approach to reduce excess construction material inventory?

Which action should you take?

Choose only one option

Improve demand forecasting and stock control

Implement stricter quality control

Shift to just-in-time inventory management

Negotiate better terms with suppliers

Question 5: What is the key difference between direct and indirect procurement in construction projects, in terms of stock control?

Which action should you take?

Choose only one option

Indirect procurement is more expensive than direct procurement

Direct procurement does not require inventory management, while indirect does

Direct procurement includes only raw materials, while indirect procurement includes machinery and tools

Direct procurement involves purchasing materials directly used in construction, while indirect procurement involves non-project-specific materials

Question 6: What is the role of a supplier scorecard in managing supplier relationships in construction?

Which action should you take?

Choose only one option

It simplifies the process of selecting new suppliers

It reduces the need for ongoing communication with suppliers

It helps track and evaluate supplier performance based on factors like quality, delivery, and cost

It only evaluates suppliers based on the cheapest price