Preview Questions Supply Chain Analyst | Role Specific Skill

Question 1: How do you determine the reorder point (ROP) for critical energy equipment in a substation?

Which action should you take?

Choose only one option

By calculating the average monthly demand

By assuming that suppliers will never delay shipments

By calculating the lead time demand and adding safety stock

By doubling the safety stock levels

Question 2: How would you conduct a cost-benefit analysis for choosing between two suppliers for power plant equipment?

Which action should you take?

Choose only one option

By focusing only on the unit price of the equipment

By comparing the total cost of ownership including delivery, installation, and warranty services

By choosing the supplier who offers the quickest delivery time

By selecting the supplier based solely on historical performance

Question 3: What is the significance of forecast accuracy when analyzing energy demand in supply chains?

Which action should you take?

Choose only one option

It reduces the amount of real-time data needed

It ensures that suppliers are overstocking

It helps minimize errors in procurement and production planning

It increases lead time for orders

Question 4: When using machine learning for energy consumption prediction, which algorithm is typically employed?

Which action should you take?

Choose only one option

Linear regression and decision trees

ARIMA and Holt-Winters models

Neural networks and Support Vector Machines (SVM)

Random Forest and Gradient Boosting Machines

Question 5: In energy utilities, what is the main benefit of using a centralized procurement strategy?

Which action should you take?

Choose only one option

Reduced risk of supplier failure

Reduced costs due to bulk buying

More flexibility in sourcing suppliers

Faster response to local demand

Question 6: How do you handle perishable inventory in the energy and utilities industry?

Which action should you take?

Choose only one option

By holding inventory indefinitely

By relying on just-in-time (JIT) inventory

By monitoring stock levels and expiration dates, ensuring that stock is used before it expires

By discounting old inventory