Preview Questions Supply Chain Analyst | Role Specific Skill

Question 1: How can RFID technology improve inventory management in energy utilities?

Which action should you take?

Choose only one option

By eliminating the need for regular physical stock-taking

By providing real-time tracking of inventory levels

By reducing the need for safety stock

By minimizing order quantities to reduce holding costs

Question 2: What is the relationship between inventory turnover and operational efficiency in energy utilities?

Which action should you take?

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A higher turnover rate increases safety stock requirements

A higher turnover rate results in higher stockouts

A higher turnover rate generally indicates more efficient operations

A higher turnover rate leads to higher inventory costs

Question 3: What role does scenario analysis play in energy forecasting, and how is it implemented?

Which action should you take?

Choose only one option

It focuses solely on past data and does not account for potential future scenarios

It is used only for operational adjustments and not forecasting

It helps to choose the best-case scenario without considering other possibilities

It helps to forecast multiple potential future outcomes based on different assumptions, by using tools like Monte Carlo simulations

Question 4: How can the implementation of a centralized warehouse improve inventory management for energy utilities?

Which action should you take?

Choose only one option

By lowering overall inventory levels

By reducing transportation costs and improving stock visibility

By increasing local supplier responsiveness

By eliminating the need for inventory tracking systems

Question 5: How does a Supply Chain Analyst in the energy sector use scenario planning?

Which action should you take?

Choose only one option

To calculate the total supply chain cost

To forecast energy demand based on historical data

To anticipate potential supply chain disruptions due to external events

To determine optimal lead times for suppliers

Question 6: How do lead time variations impact inventory levels in the energy sector?

Which action should you take?

Choose only one option

They reduce the need for safety stock

They create uncertainty in when stock will arrive, requiring adjustments to safety stock levels

They improve demand forecasting accuracy

They have no impact on inventory management