Preview Questions Supply Chain Analyst | Role Specific Skill

Question 1: How do you assess the efficiency of a new process improvement initiative in an energy utility?

Which action should you take?

Choose only one option

By comparing the initiative to other industry-wide benchmarks

By assuming that any improvement will result in cost savings

By evaluating only the immediate impacts without assessing long-term outcomes

By measuring the process against predefined KPIs, analyzing cycle times, and calculating cost savings

Question 2: How do you optimize the sourcing strategy for equipment in a power plant while ensuring compliance and cost-effectiveness?

Which action should you take?

Choose only one option

By reducing supplier diversity to simplify the sourcing process

By focusing solely on the lowest cost and ignoring quality and compliance

By assuming that existing suppliers are sufficient for all needs

By evaluating multiple suppliers, assessing quality, lead times, and regulatory compliance, and negotiating terms

Question 3: What type of data would a Supply Chain Analyst primarily focus on to predict future demand in the energy industry?

Which action should you take?

Choose only one option

Customer satisfaction surveys

Supplier performance metrics

Supplier lead times and material costs

Historical consumption data and weather patterns

Question 4: How can energy utilities reduce inventory holding costs without sacrificing stock availability?

Which action should you take?

Choose only one option

By increasing the frequency of orders

By using safety stock for all inventory

By using just-in-time (JIT) inventory systems

By reducing the number of suppliers

Question 5: When developing a forecasting model for energy demand, which method would you use to account for extreme weather events?

Which action should you take?

Choose only one option

By incorporating external weather data, applying scenario analysis, and adjusting the model's parameters

By ignoring weather as a factor and using past demand trends

By applying a fixed multiplier based on historical weather patterns

By using past demand data and assuming similar weather patterns

Question 6: How does integrating supply chain visibility tools affect inventory management in energy utilities?

Which action should you take?

Choose only one option

It complicates the forecasting process for demand fluctuations

It reduces the need for safety stock

It improves coordination across suppliers and reduces stockouts

It increases costs due to overproduction of inventory