Preview Questions Inventory Controller | Role Specific Skill

Question 1: Which of the following methods is best for managing slow-moving items in construction inventory?

Which action should you take?

Choose only one option

Drop-shipping method

Consignment inventory

Periodic review method

Just In Time (JIT)

Question 2: What is the most critical factor in determining optimal stock levels for materials in a construction project?

Which action should you take?

Choose only one option

Ordering based on historical consumption data only

Stocking based on supplier capabilities

Balancing demand forecasts with project timelines and lead times

Overestimating the project's material needs

Question 3: Which inventory control method would be most effective for construction tools and equipment?

Which action should you take?

Choose only one option

Periodic inventory review

Just-In-Time inventory

LIFO (Last In, First Out)

FIFO (First In, First Out)

Question 4: How does the order cycle time affect the overall inventory management in a construction project?

Which action should you take?

Choose only one option

Shorter cycle times always improve material availability

Order cycle time has no impact if the stock levels are high

Longer cycle times can lead to delays, increased costs, and project timeline disruptions

Longer cycle times reduce the need for accurate demand forecasting

Question 5: How can the practice of lean inventory management benefit construction projects?

Which action should you take?

Choose only one option

By increasing the number of suppliers used for each project

By simplifying inventory management tasks, making it less labor-intensive

By focusing exclusively on materials that are most expensive

By reducing excess inventory and ensuring materials are only ordered when needed, minimizing waste

Question 6: How can an Inventory Controller ensure that suppliers meet the agreed-upon quality standards?

Which action should you take?

Choose only one option

By asking suppliers to pay for quality issues

By conducting random quality checks at delivery

By providing feedback after project completion

By relying solely on supplier certifications