Preview Questions Demand Planning Manager | Role Specific Skill

Question 1: What role does data-driven decision-making play in improving the demand planning process in FMCG?

Which action should you take?

Choose only one option

It ensures that forecasts and plans are based on historical data and trends, improving accuracy and efficiency.

It complicates the process without providing any real benefits.

It reduces the need for any planning, focusing entirely on intuition.

It focuses solely on short-term adjustments and ignores long-term trends.

Question 2: What is the main advantage of using historical sales data for demand forecasting?

Which action should you take?

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It accounts for seasonal variations

It eliminates the need for external factors

It reflects the most recent market trends

It assumes that future demand will follow the same patterns as the past

Question 3: When performing an inventory turnover analysis, what is the primary indicator of efficient inventory management?

Which action should you take?

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Low order frequency, suggesting reduced costs

A high turnover ratio, indicating efficient stock movement

A low turnover ratio, indicating inventory stability

High stock levels, suggesting increased availability

Question 4: What type of data would you primarily focus on for demand forecasting in the FMCG industry?

Which action should you take?

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Stock levels, distribution costs, and seasonal weather forecasts

Government regulations, environmental impacts, and product lifecycle

Market trends, supplier lead times, and employee productivity

Historical sales data, consumer behavior insights, and competitor performance

Question 5: Which method is best suited to forecast demand when there are significant seasonal fluctuations in FMCG?

Which action should you take?

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Exponential smoothing

Naive forecasting

Moving average forecasting

Seasonal decomposition of time series

Question 6: What is the importance of conducting regular inventory audits in FMCG companies?

Which action should you take?

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They help reduce production capacity and lower costs.

They are unnecessary if inventory turnover is high enough.

Regular audits ensure that actual stock levels match recorded inventory, identifying discrepancies and preventing losses.

They focus only on financial records, not physical stock levels.