Concentrix Corporation SME Operation Interview Questions, Process, and Tips

Calibration is the process of adjusting or standardizing a measuring instrument to ensure its accuracy and reliability.

• Calibration involves comparing the measurements of a device to a known standard.

• It is done to eliminate or minimize any errors or discrepancies in the measurements.

• Calibration is essential in various industries such as manufacturing, engineering, and scientific research.

• Examples of calibrated instrumen...read more

Shrinkage refers to the loss or reduction of inventory due to theft, damage, or administrative errors.

• Shrinkage is a common issue in retail and warehouse operations.

• It can occur due to shoplifting, employee theft, supplier fraud, or errors in inventory management.

• Shrinkage can also result from damaged or expired products.

• It is measured as a percentage of the total inventory value.

• Implementing security measures, conduct...read more

Attrition refers to the rate at which employees leave a company over a specific period of time.

• Attrition is a measure of employee turnover.

• It can be calculated by dividing the number of employees who leave by the average number of employees during a given period.

• Attrition can be voluntary (resignations, retirements) or involuntary (layoffs, terminations).

• High attrition rates can indicate issues with employee satisfacti...read more

SME stands for Subject Matter Expert. SMEs are individuals with specialized knowledge and expertise in a particular field.

• SMEs are highly knowledgeable professionals who possess deep expertise in a specific subject area.

• They are often sought after for their insights, advice, and guidance in their respective fields.

• SMEs play a crucial role in providing expertise and support to organizations, teams, and projects.

• They hel...read more