20+ Premier Evolvics Interview Questions and Answers

Supply chain management is the coordination and management of activities involved in the production and delivery of products and services.

• It involves planning, sourcing, manufacturing, and delivering products to customers.

• It aims to optimize the flow of goods and services, minimize costs, and improve efficiency.

• It includes managing relationships with suppliers, distributors, and customers.

• Examples include inventory management, transportation logistics, and demand forecasting....read more

I use a structured approach to identify the underlying cause of an issue.

• I gather all available information related to the issue.

• I analyze the data to identify patterns and trends.

• I use tools such as fishbone diagrams, 5 whys, and Pareto charts to narrow down the root cause.

• I validate my findings by testing and verifying the root cause.

• I develop and implement a plan to address the root cause and prevent future occurrences.

Flex is a highly flexible and powerful open-source framework for building mobile, web, and desktop applications.

• Flex is based on the Adobe Flash platform and uses the ActionScript programming language.

• It allows developers to create rich, interactive user interfaces with ease.

• Flex offers a wide range of pre-built components and libraries that can be easily customized and extended.

• It supports multiple platforms including iOS, Android, and Windows.

• Flex is widely used in enterpri...read more

Supply chain management involves the coordination and management of activities involved in the production and delivery of goods and services.

• It includes planning, sourcing, manufacturing, delivery, and returns.

• Efficient supply chain management can lead to cost savings and improved customer satisfaction.

• Examples of supply chain management tools include inventory management software and transportation management systems.

• Effective communication and collaboration between supplier...read more

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)

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 customs clearance

• Lead time can be affected by factors such as p...read more

Direct procurement involves purchasing goods and services directly related to the core business, while indirect procurement involves purchasing goods and services not directly related to the core business.

• Direct procurement includes raw materials, components, and finished goods for production.

• Indirect procurement includes office supplies, IT services, and maintenance services.

• Direct procurement is essential for the production process, while indirect procurement supports the o...read more

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 to optimize spending.

• Examples of indirect procurement cat...read more

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 procure to pay software include SAP Ariba, Coupa, and Oracle Pr...read more

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 also be used as a document of title, allowing the holder to t...read more

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 clearance, and risk transfer

• Incoterms help avoid misunderstandi...read more

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 industries.

• Example: A bill of material for a car would inclu...read more

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 and efficiency

Procurement is the process of acquiring goods or services. Incoterms are international trade terms. ECO and MCO are unclear acronyms.

• Procurement involves sourcing, negotiating, and purchasing goods or services.

• Incoterms are standardized terms used in international trade to define the responsibilities of buyers and sellers.

• ECO and MCO are unclear acronyms and require further clarification.

SCM is the management of the flow of goods and services involving the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.

• SCM involves planning, sourcing, making, delivering, and returning products or services.

• It includes coordinating and collaborating with suppliers, manufacturers, distributors, retailers, and customers.

• Examples of SCM activities include inventory management, demand forecasting, an...read more

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 piece of furniture.

• Other types of inventory can include ma...read more

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, shipping companies, and third-party logistics providers.

SCM stands for Supply Chain Management, which involves the coordination and management of all activities involved in the production and delivery of goods and services.

• SCM involves the planning, sourcing, manufacturing, and delivery of products or services

• It aims to optimize the supply chain to reduce costs and improve efficiency

• SCM includes activities such as inventory management, logistics, and procurement

• Examples of SCM software include SAP, Oracle, and JDA Software

• Effectiv...read more

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 datasets and creating dynamic reports

A purchase order is a document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

• A purchase order is a legally binding document

• It outlines the details of a transaction between a buyer and a seller

• It includes information such as product or service descriptions, quantities, prices, and terms of sale

• It serves as a record of the agreement between the buyer and seller

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 manufacturing.

• Efficient procurement practices can help organizatio...read more