Preview Questions Inventory Controller | Role Specific Skill

Question 1: What type of data is critical when performing a stock audit for a construction project?

Which action should you take?

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Historical order quantities

Supplier lead times

Customer demand data

Current stock levels and order history

Question 2: What is the main risk associated with ordering materials based solely on historical demand without considering project-specific needs?

Which action should you take?

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It can lead to overstocking or stockouts, impacting the project's schedule and budget

It will reduce the overall project cost by leveraging economies of scale

It leads to more efficient procurement practices by relying on forecasted data

It ensures that the project does not run out of materials, even if demand fluctuates

Question 3: How can an inventory controller ensure that materials are delivered on time to a construction site?

Which action should you take?

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By increasing stock levels and holding onto materials

By relying solely on supplier delivery schedules

By ordering materials only when needed

By coordinating closely with suppliers, tracking lead times, and monitoring inventory levels

Question 4: How does data management help optimize order processing in construction inventory systems?

Which action should you take?

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By automating the procurement process

By increasing the number of suppliers

By reducing manual data entry processes

By ensuring accurate and timely data updates

Question 5: How does the use of a Supplier Relationship Management (SRM) system affect order processing in construction projects?

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It limits the ability to customize orders based on project needs

It automates the entire procurement process, removing human oversight

It improves communication and collaboration with suppliers, ensuring timely and accurate order fulfillment

It reduces the number of suppliers to simplify procurement

Question 6: What is the most effective method to ensure the accuracy of purchase orders in a construction project?

Which action should you take?

Choose only one option

Using a single supplier for all materials

Increasing order quantities to account for potential errors

Cross-checking orders with specifications, project requirements, and vendor confirmations

Simplifying the order process by reducing checks