Preview Questions Supply Chain Analyst | Role Specific Skill

Question 1: How do you calculate inventory turnover ratio in a power plant supply chain?

Which action should you take?

Choose only one option

By calculating the total procurement cost divided by the number of orders

By summing up the stock levels for each product

By dividing the cost of goods sold by the average inventory value over a specific period

By dividing the total number of deliveries by the number of suppliers

Question 2: How would you evaluate the effectiveness of a supplier performance management system for an energy utility?

Which action should you take?

Choose only one option

By evaluating supplier cost alone without considering performance metrics

By focusing on a single supplier's performance without comparison

By tracking key performance indicators (KPIs) such as on-time delivery, quality, cost efficiency, and supplier capacity

By assuming supplier performance is adequate based on historical contracts

Question 3: What is the role of inventory visibility in reducing costs within the energy supply chain?

Which action should you take?

Choose only one option

It reduces procurement flexibility by focusing on historical data

It allows for real-time tracking, improving decision-making and reducing the risk of stockouts and overstocking

It eliminates the need for transportation optimization

It increases storage costs by requiring more warehouse space

Question 4: What is the economic order quantity (EOQ), and how does it apply to the energy industry?

Which action should you take?

Choose only one option

It is the quantity at which suppliers are fully compensated

It is the order quantity that maximizes revenue generation

It is the optimal order quantity that minimizes the total cost of inventory management

It is the amount of stock that can be maintained without risk

Question 5: When evaluating supply chain performance, which of the following metrics is most critical for the energy industry?

Which action should you take?

Choose only one option

Delivery reliability and on-time delivery

Average supplier lead time

Total supply chain cost

Capacity utilization rates

Question 6: How would you assess the efficiency of a multi-echelon supply chain network for an energy utility company?

Which action should you take?

Choose only one option

By measuring only the lead times between suppliers and ignoring stock levels

By analyzing total cost, lead time, service levels, and stock levels across multiple tiers

By assuming that the supply chain is optimized based on past performance

By focusing on transportation costs and ignoring other network inefficiencies