Preview Questions Supply Chain Analyst | Role Specific Skill

Question 1: How would you develop a forecast for energy demand in a deregulated market with multiple suppliers?

Which action should you take?

Choose only one option

By applying the same forecast model used in regulated markets

By assuming a stable demand without considering market factors

By incorporating market competition, historical consumption patterns, and demand elasticity into a dynamic forecasting model

By using historical data without adjusting for market changes

Question 2: Which of the following forecasting methods would be most suitable for predicting short-term energy demand spikes due to emergency events?

Which action should you take?

Choose only one option

ARIMA with a long-term trend focus

Neural networks with continuous data input

Short-term exponential smoothing with trend adjustment

Moving averages with seasonal adjustments

Question 3: Which method is most suitable for forecasting energy demand during periods of extreme weather conditions?

Which action should you take?

Choose only one option

Exponential smoothing with temperature adjustments

Linear regression modeling with trend analysis

Time series forecasting with seasonal adjustments

ARIMA model with external variables (weather data)

Question 4: In energy supply chain management, why is inventory visibility critical?

Which action should you take?

Choose only one option

It decreases the procurement lead time

It reduces transportation costs

It enables real-time tracking and decision-making to avoid stockouts and overstocking

It ensures inventory is spread across multiple locations

Question 5: How can demand forecasting improve inventory management in the energy sector?

Which action should you take?

Choose only one option

By increasing the cost of holding inventory

By minimizing the number of suppliers involved

By reducing the lead time for deliveries

By predicting future demand to ensure sufficient inventory levels

Question 6: How would you reduce the lead time in procurement for critical parts in an energy utility?

Which action should you take?

Choose only one option

By relying on longer-term forecasting without adjusting for demand fluctuations

By increasing order quantities to reduce lead times

By improving supplier relationships, using predictive analytics, and reducing order batch sizes

By ignoring supplier performance and focusing on inventory management