Preview Questions Demand Planning Manager | Role Specific Skill

Question 1: Which of the following best defines the Economic Order Quantity (EOQ)?

Which action should you take?

Choose only one option

The order quantity that minimizes storage space

The order quantity needed to maintain stock levels

The optimal order size that minimizes total inventory costs

The order quantity that maximizes sales

Question 2: How do you use "forecast collaboration" with suppliers to improve demand planning for FMCG?

Which action should you take?

Choose only one option

By asking suppliers to create their own forecasts without providing them with demand data

By sharing forecast data, production schedules, and inventory levels with suppliers to align supply and demand

By reducing supplier involvement to streamline the planning process

By keeping forecast data within the company and not sharing it with suppliers

Question 3: How does an integrated supply chain system contribute to reducing operational costs in FMCG?

Which action should you take?

Choose only one option

By simplifying communication processes with retailers

By reducing the number of stock-keeping units (SKUs)

By increasing transportation frequencies

By optimizing inventory levels and reducing waste

Question 4: How do you calculate the optimal "reorder point" for inventory in FMCG?

Which action should you take?

Choose only one option

By using the historical sales data alone without considering lead time

By considering lead time demand and safety stock to determine the level at which new orders should be placed

By estimating the reorder point based solely on expected delivery dates

By using a fixed quantity per product line regardless of demand

Question 5: How should a Demand Planning Manager handle product obsolescence in FMCG inventory management?

Which action should you take?

Choose only one option

By focusing on the highest-selling items and ignoring low sales products.

By identifying slow-moving items and adjusting the reorder quantities or phasing them out.

By increasing orders for all items to compensate for obsolescence.

By ignoring obsolete products and continuing production.

Question 6: What is the impact of incorporating automation in inventory management in an FMCG business?

Which action should you take?

Choose only one option

It eliminates the need for manual audits

It increases supply chain flexibility, allowing for higher stock levels

It improves order accuracy, reduces human errors, and speeds up processes

It reduces the need for demand forecasting entirely