3M Itsm Consultant Interview Questions and Answers

Q1. Why do choose this domain?
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Q2. What we know about procurement and supply chain management?
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Fundamentals of Supply Chain, Mathematics, Logical Reasoning, Verbal Reasoning.

Q1. What is procurement?
Ans. 
Procurement is the process of obtaining goods or services from external sources.
• Procurement involves sourcing, purchasing, and negotiating contracts for goods and services.

• It includes activities such as supplier selection, price negotiation, and contract management.

• Examples of procurement activities include purchasing office supplies, hiring contractors for construction projects, and sourcing raw materials for manufact...read more
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Q2. What is logistics & its modes?
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Logistics is the management of the flow of goods and services from the point of origin to the point of consumption.
• Logistics involves planning, implementing, and controlling the efficient movement and storage of goods, services, and information.

• Modes of logistics include transportation (road, rail, air, sea), warehousing, inventory management, and packaging.

• Examples of logistics modes include trucking companies, shippi...read more
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Q3. What are Incoterms and what types are available?
Ans. 
Incoterms are international commercial terms used in international trade to define the responsibilities of buyers and sellers.
• Incoterms are standardized terms published by the International Chamber of Commerce (ICC)

• There are 11 main types of Incoterms, such as EXW, FOB, CIF, DAP, etc.

• Each Incoterm specifies the responsibilities and obligations of the buyer and seller in terms of transportation, insurance, customs clear...read more
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Q1. What is advanced Excel?
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Advanced Excel refers to the use of complex functions, formulas, and tools to analyze and manipulate data efficiently.
• Involves using advanced functions like VLOOKUP, INDEX-MATCH, and PivotTables

• Utilizes macros and VBA programming for automation

• Includes data visualization techniques using charts and graphs

• Incorporates complex data analysis tools like Power Query and Power Pivot

• Requires proficiency in managing large data
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Q2. What are the different functions available in Excel?
Ans. 
Excel has various functions for calculations, data analysis, and manipulation.
• Math & Trig functions (e.g. SUM, AVERAGE, MAX, MIN)

• Logical functions (e.g. IF, AND, OR)

• Text functions (e.g. CONCATENATE, LEFT, RIGHT)

• Date & Time functions (e.g. TODAY, NOW, DATE)

• Lookup & Reference functions (e.g. VLOOKUP, INDEX, MATCH)

• Statistical functions (e.g. COUNT, AVERAGE, STDEV)

• Financial functions (e.g. PV, FV, PMT)
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It was very simple, general knowledge and few mathematical questions

Q1. What is you aim
Ans. 
My aim is to utilize my analytical skills and experience to provide valuable insights and recommendations for strategic decision-making.
• Utilize analytical skills to analyze data and identify trends

• Provide valuable insights and recommendations for strategic decision-making

• Continuously improve skills and knowledge in the field
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Q2. How do you find supply chain best for you
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I find supply chain best for me by leveraging my analytical skills, attention to detail, and ability to optimize processes.
• Utilizing analytical skills to identify inefficiencies and areas for improvement

• Attention to detail in tracking inventory, managing logistics, and ensuring timely delivery

• Optimizing processes to streamline operations and reduce costs

• Collaborating with cross-functional teams to enhance communication
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Q3. What are your achievements and how would you use those in the current role
Ans. 
I have successfully led multiple cross-functional projects resulting in cost savings and process improvements.
• Led a team in implementing a new data analysis tool, resulting in a 20% reduction in data processing time

• Developed a forecasting model that improved accuracy by 15% and saved the company $100,000 in inventory costs

• Received recognition for outstanding performance and leadership in annual performance reviews
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Q4. What do you know about flex
Ans. 
Flex is a flexible work arrangement that allows employees to choose when and where they work.
• Flex refers to flexible work arrangements that give employees more control over their work schedule and location.

• Examples of flex options include telecommuting, flexible hours, and compressed workweeks.

• Flexibility can help improve work-life balance, increase productivity, and boost employee satisfaction.
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Q5. Tell me something about your final year project
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Developed a machine learning model to predict stock prices using historical data
• Used Python programming language for data preprocessing and model development

• Implemented various machine learning algorithms such as Random Forest and LSTM

• Evaluated model performance using metrics like RMSE and MAE
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Basic supply chain questions with quantitative sessions

Q1. What is supply chain management ?
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Q2. Define procurement, incoterms, eco, mco
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Q3. Types of inventory and explanation
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Inventory can be classified into three types: raw materials, work-in-progress, and finished goods.
• Raw materials: materials that are used to create a product, such as wood for furniture or fabric for clothing.

• Work-in-progress: partially completed products that are still being worked on, such as a car that is being assembled.

• Finished goods: completed products that are ready to be sold, such as a fully assembled car or a ...read more
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Q1. Tell me about yourself
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Q2. What is procure to pay?
Ans. 
Procure to pay is the process of acquiring goods and services from a vendor and paying for them.
• Procure to pay involves the entire process from identifying the need for goods or services to paying the vendor.

• It includes steps such as requisitioning, sourcing, purchasing, receiving, and invoicing.

• Procure to pay aims to streamline the purchasing process and ensure timely and accurate payments to vendors.

• Examples of procu...read more
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Q3. What is indirect procurement?
Ans. 
Indirect procurement refers to the purchase of goods and services that are not directly related to the production of goods or services.
• Indirect procurement includes items such as office supplies, IT equipment, and travel expenses.

• It is often managed separately from direct procurement to ensure better control and cost savings.

• Indirect procurement can be a significant expense for companies and requires careful management...read more
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Q4. What is bill of material?
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A bill of material is a comprehensive list of materials, components, and sub-assemblies required to manufacture a product.
• It includes all the raw materials, parts, and sub-assemblies needed to produce a finished product.

• It specifies the quantity of each item required for production.

• It helps in estimating the cost of production and managing inventory.

• It is commonly used in manufacturing, construction, and engineering in...read more
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Q5. What is bill of ladding
Ans. 
A document that serves as a receipt of goods and a contract of carriage between a shipper and a carrier.
• Bill of lading is a legal document that details the type, quantity, and destination of goods being shipped.

• It serves as a receipt of goods and a contract of carriage between a shipper and a carrier.

• It is used in international trade to ensure that goods are transported and delivered to the correct recipient.

• It can als...read more
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Q6. What is transit and lead time?
Ans. 
Transit time is the duration taken for goods to be transported from one location to another, while lead time is the duration between placing an order and receiving the goods.
• Transit time is the time taken for goods to be transported from one location to another

• Lead time is the time between placing an order and receiving the goods

• Transit time can be affected by factors such as distance, mode of transportation, and custo...read more
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Q1. Salary expectations?
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Basic Questions related to supply chain management

Q1. Basic Questions on Supply chain Management, simple case related questions
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Q1. General sof skill questions
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