Equinox Labs Operations Intern Interview Questions and Answers

Concepts related to Operations include supply chain management, process optimization, inventory control, and quality management.

• Supply chain management involves the coordination of activities to ensure the smooth flow of goods and services from suppliers to customers.

• Process optimization focuses on improving efficiency and effectiveness by identifying and eliminating waste in operations.

• Inventory control involves manag...read more

VSM stands for Value Stream Mapping, a lean management tool used to visualize and analyze the steps involved in delivering a product or service.

• VSM helps identify waste and inefficiencies in a process

• It allows for the optimization of processes by highlighting areas for improvement

• Commonly used in manufacturing, healthcare, and service industries

• Example: Mapping out the steps involved in a manufacturing process to ident

Poka Yoke is a Japanese term for mistake-proofing or error prevention in manufacturing processes.

• Poka Yoke is a technique used to avoid mistakes in a process by preventing, correcting, or highlighting errors as they occur.

• Examples of Poka Yoke include designing a car ignition system that prevents the key from being removed unless the car is in park, or using color-coded parts to ensure correct assembly.

• The goal of Poka...read more