Ernst & Young
20+ Total Shipping & Logistics Interview Questions and Answers
Q1. Case: A toothpaste company is seeing decline in its revenues and margin. What would you do?
Toothpaste company facing revenue and margin decline. What to do?
Conduct market research to identify reasons for decline
Analyze competitors' strategies and pricing
Revamp marketing and advertising campaigns
Introduce new product variants or improve existing ones
Consider cost-cutting measures to improve margins
Explore new distribution channels
Collaborate with dentists or dental clinics for endorsements
Offer promotions or discounts to attract customers
Invest in digital marketing ...read more
Q2. Difference between mean , median , mode What sets you apart from the rest?
Mean is the average of a set of numbers, median is the middle value, and mode is the most frequently occurring value.
Mean is calculated by adding up all the numbers in a set and dividing by the total number of values.
Median is the middle value in a set of numbers when they are arranged in order.
Mode is the value that appears most frequently in a set of numbers.
I have a strong understanding of statistical concepts and can apply them to real-world scenarios.
For example, if we h...read more
Q3. What are the visualisation softwares you are aware of?
Tableau, Power BI, QlikView, D3.js, Google Charts, Plotly, FusionCharts, Highcharts
Tableau - widely used for data visualization and business intelligence
Power BI - Microsoft's business analytics service for interactive visualizations
QlikView - business intelligence and data visualization software
D3.js - JavaScript library for creating interactive data visualizations
Google Charts - free web-based charting library
Plotly - online data visualization and analytics tool
FusionCharts...read more
Q4. Tell me about a time when you used technology to solve a problem
Used technology to solve a scheduling problem at work
Developed a scheduling software using Python
Integrated the software with the company's database
Reduced scheduling errors by 50%
Saved 2 hours of manual work per week
Received positive feedback from colleagues and managers
Q5. What are best ways to measure change adoption.
Best ways to measure change adoption
Define clear metrics and KPIs to track progress
Conduct surveys and feedback sessions to gather user feedback
Analyze usage data and compare it to pre-change data
Observe user behavior and identify areas of resistance
Track the success of training and communication efforts
Use a combination of quantitative and qualitative methods
Regularly review and adjust measurement methods as needed
Q6. How will you proceed for a fraud investigation if we have not received the data yet?
I would start by conducting interviews with relevant parties and reviewing any available documentation.
Conduct interviews with employees involved in the process
Review any available documentation such as emails, invoices, and financial records
Assess any patterns or anomalies in the information gathered
Consider involving external experts or forensic accountants if necessary
Q7. What do you know about forensic audit? Explain your day to day responsibility/
Forensic audit involves investigating financial records to uncover fraud or misconduct. Day to day responsibilities include analyzing data, conducting interviews, and preparing reports.
Analyze financial records to identify irregularities or discrepancies
Conduct interviews with employees, clients, and other relevant parties
Prepare detailed reports documenting findings and recommendations
Collaborate with legal teams and law enforcement agencies as needed
Stay updated on industry...read more
Q8. What do you mean by regression?
Regression is a statistical method used to analyze the relationship between two or more variables.
It helps to predict the value of one variable based on the value of another variable.
It is used to identify the strength and direction of the relationship between variables.
Linear regression is a common type of regression used to model the relationship between two variables.
Examples include predicting sales based on advertising spend, or predicting student grades based on study t...read more
Q9. How to differentiate domestic and international compliances?
Domestic compliances are regulations and laws that apply within a country, while international compliances are regulations and laws that apply across multiple countries.
Domestic compliances are specific to the laws and regulations of a single country.
International compliances involve adhering to laws and regulations that span multiple countries.
Domestic compliances may include tax laws, labor laws, and industry-specific regulations within a country.
International compliances m...read more
Q10. What is compliance? What’re the basics of compliance?
Compliance refers to following rules, regulations, and standards set by authorities or organizations to ensure ethical and legal practices.
Compliance involves adhering to laws, regulations, and guidelines relevant to a specific industry or organization.
It includes implementing policies and procedures to prevent violations and ensure ethical conduct.
Regular audits and monitoring are conducted to ensure compliance with standards.
Examples include GDPR compliance in data protecti...read more
Q11. What are the risk in an production unit, purchase department etc.
Risks in a production unit and purchase department include supply chain disruptions, quality control issues, and regulatory compliance challenges.
Supply chain disruptions can lead to delays in production and increased costs.
Quality control issues may result in defective products reaching customers.
Regulatory compliance challenges can lead to fines or legal issues.
Lack of proper inventory management can result in stockouts or excess inventory.
Poor supplier relationships can im...read more
Q12. How can blockchain implementation can improve government and public sector
Blockchain implementation can improve government and public sector by enhancing transparency, efficiency, and security.
Transparency: Blockchain can provide a transparent and immutable record of government transactions, ensuring accountability and reducing corruption.
Efficiency: Blockchain can streamline processes by eliminating intermediaries and automating tasks, reducing bureaucracy and saving time and costs.
Security: Blockchain's decentralized and cryptographic nature can ...read more
Q13. Do you know any Frauds that happened recently?
Yes, the Wirecard fraud scandal is a recent example of a major financial fraud.
Wirecard, a German payment processing company, filed for insolvency after admitting to a $2.1 billion accounting scandal.
The scandal involved inflating revenue and falsifying financial statements to deceive investors and regulators.
Several executives were arrested and investigations are ongoing to uncover the extent of the fraud.
Q14. What do you know about artificial intelligence
Artificial intelligence is a branch of computer science that focuses on creating intelligent machines capable of performing tasks that typically require human intelligence.
AI involves the development of algorithms and models that enable machines to learn from and adapt to data.
It encompasses various subfields such as machine learning, natural language processing, computer vision, and robotics.
AI applications range from virtual assistants like Siri to self-driving cars and rec...read more
Q15. What is a hypothesis?
A hypothesis is an educated guess or prediction about a phenomenon or relationship between variables.
A hypothesis is a statement that can be tested through experimentation or observation.
It is usually based on prior knowledge or research.
It should be specific, measurable, and falsifiable.
Examples: 'Increasing the amount of fertilizer will increase plant growth.' or 'Exposure to sunlight will increase vitamin D levels.'
Q16. What are various types of frauds?
Various types of frauds include identity theft, credit card fraud, insurance fraud, and investment fraud.
Identity theft: When someone steals personal information to commit fraud.
Credit card fraud: Unauthorized use of someone's credit card information.
Insurance fraud: Falsifying information to make fraudulent insurance claims.
Investment fraud: Deceiving investors for financial gain.
Online fraud: Scams conducted over the internet to deceive victims.
Bank fraud: Illegally obtaini...read more
Q17. How is compliance management done?
Compliance management involves ensuring adherence to laws, regulations, and internal policies within an organization.
Establishing clear policies and procedures
Regular monitoring and auditing of activities
Providing training to employees on compliance requirements
Implementing systems for reporting violations
Responding promptly to any compliance issues
Q18. Can you create an XSS payload
Yes, an XSS payload is a malicious script injected into a website to exploit vulnerabilities.
An XSS payload can be created using
Q19. What are python decorators
Python decorators are functions that modify the behavior of other functions or methods.
Decorators are denoted by the @ symbol followed by the decorator function name.
They allow you to add functionality to an existing function without modifying its code.
Common use cases include logging, timing, and authentication.
Example: @staticmethod decorator in Python is used to define a static method within a class.
Q20. What is SWOT analysis
SWOT analysis is a strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats of a business or project.
Strengths: internal factors that give an advantage (e.g. strong brand reputation)
Weaknesses: internal factors that may hinder success (e.g. limited resources)
Opportunities: external factors that could be beneficial (e.g. new market trends)
Threats: external factors that could cause trouble (e.g. competition)
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