Preview Questions Supply Chain Analyst | Role Specific Skill

Question 1: How would you implement a continuous improvement program in an energy company's supply chain?

Which action should you take?

Choose only one option

By setting clear goals, using feedback loops, analyzing data, and involving employees in improvement efforts

By relying solely on external consultants to drive improvements

By making isolated improvements without a structured approach

By focusing only on cost reductions without considering other performance metrics

Question 2: How does forecasting accuracy directly impact cost reduction in inventory management?

Which action should you take?

Choose only one option

By increasing the number of orders made

By reducing the supplier lead time to increase procurement flexibility

By simplifying procurement processes without regard to demand

By reducing stockouts and overstocking, minimizing holding and stockout costs

Question 3: In terms of supplier relationship management, how can energy companies ensure supplier reliability?

Which action should you take?

Choose only one option

By switching suppliers frequently to ensure competitive pricing

By focusing only on the lowest procurement price

By assessing supplier performance regularly and developing long-term partnerships

By reducing communication and oversight with suppliers

Question 4: Which of the following is the most appropriate supply chain strategy to adopt when dealing with fluctuating energy demand?

Which action should you take?

Choose only one option

Centralized production and long-term forecasting

Flexible supply chain with demand-driven production

Just-in-time (JIT) inventory management

Vendor-managed inventory (VMI)

Question 5: What is the primary objective of implementing a Total Cost of Ownership (TCO) analysis in the energy sector?

Which action should you take?

Choose only one option

To compare costs of different suppliers

To identify all costs associated with a product or service over its lifetime

To determine the upfront purchase cost of energy-related equipment

To optimize inventory management and reduce storage costs

Question 6: How can the adoption of cloud-based supply chain management systems help reduce costs in energy utilities?

Which action should you take?

Choose only one option

By increasing reliance on manual processes and reducing automation

By providing real-time data visibility and improving decision-making

By increasing infrastructure costs and system complexity

By reducing the need for supply chain collaboration and partnerships