HCLTech SCM Analyst Interview Questions and Answers

Supply chain management involves the coordination and optimization of all activities involved in the production and distribution of goods and services.

• Involves planning, sourcing, manufacturing, and delivering products to customers

• Focuses on efficiency, cost reduction, and customer satisfaction

• Includes managing relationships with suppliers and logistics providers

• Utilizes technology for tracking and optimizing processes

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Supply chain management is crucial for optimizing operations, reducing costs, and improving customer satisfaction.

• Ensures efficient flow of goods and services from supplier to customer

• Helps in reducing lead times and inventory levels

• Enhances collaboration between different departments and partners

• Improves overall business performance and competitiveness

• Examples: Just-in-time inventory system, vendor-managed inventory,

Procurement process involves identifying needs, sourcing suppliers, negotiating contracts, and managing supplier relationships.

• Identifying needs and requirements

• Sourcing potential suppliers

• Negotiating terms and contracts

• Managing supplier relationships

• Ensuring compliance with regulations and policies

Evaluation of vendors involves assessing their performance, capabilities, and reliability to ensure they meet the organization's needs.

• Assess vendor's track record and reputation

• Evaluate vendor's financial stability and resources

• Consider vendor's quality of products or services

• Assess vendor's responsiveness and communication

• Compare vendor's pricing and terms with competitors

• Review vendor's compliance with regulations a

I led a project to optimize inventory management by implementing a new forecasting tool.

• Analyzed current inventory data and identified areas for improvement

• Researched and selected a forecasting tool that best suited the company's needs

• Implemented the tool and trained team members on how to use it effectively

• Monitored the results and made adjustments as needed to improve inventory accuracy