Preview Questions Inventory Controller | Role Specific Skill

Question 1: What is the most effective method for managing perishable items in construction inventories?

Which action should you take?

Choose only one option

LIFO (Last In, First Out)

FIFO (First In, First Out)

VMI (Vendor Managed Inventory)

JIT (Just In Time)

Question 2: What is the best method for tracking order status and delivery dates in a construction project with multiple suppliers?

Which action should you take?

Choose only one option

Rely on suppliers to provide individual status reports

Use a centralized tracking system that integrates all supplier data and provides updates in real time

Track each supplier's order manually using spreadsheets

Follow up only with suppliers of critical materials

Question 3: How can an inventory controller ensure that data accuracy is maintained when transferring inventory records from one system to another?

Which action should you take?

Choose only one option

Ignore discrepancies and make adjustments after transfer

Use data validation protocols, and verify the records during the transfer process

Rely on the old system's records without updating them

Manually enter the data into the new system without checks

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 does using a barcode or RFID system improve order processing in construction projects?

Which action should you take?

Choose only one option

It increases supplier lead times by allowing automatic ordering

It eliminates the need for inventory audits

It automates the order processing without requiring human interaction

It enables real-time tracking and updating of material movements and reduces human error

Question 6: How can an inventory controller track real-time updates of material orders during the construction phase?

Which action should you take?

Choose only one option

By adjusting stock levels based on past experiences

By only relying on periodic supplier reports

By manually updating inventory records after receiving materials

By using RFID or barcode scanning systems integrated with an inventory management system