Olam Interview Questions, Process, and Tips

Q1. Currently are you looking for any job change?
Ans. 
Yes, I am currently looking for a job change.
• I am actively searching for new opportunities.

• I have updated my resume and started networking.

• I am exploring job boards and reaching out to recruiters.

• I am attending career fairs and industry events.

• I am open to discussing potential job offers.
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Q2. How many years of experience do you have ?
Ans. 
I have 10 years of experience in the field.
• I have been working in this field for 10 years.

• I have gained extensive experience over the past decade.

• I have successfully completed numerous projects and assignments.

• I have continuously updated my skills and knowledge.

• I have received positive feedback and recognition for my expertise.
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Q3. What is your notice period?
Ans. 
My notice period is 30 days.
• My notice period is 30 days.

• I am required to give a 30-day notice before leaving my current position.

• I have already informed my current employer that I will be leaving in 30 days.
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Q4. Are you willing to change your location to Banglore ?
Ans. 
Yes, I am willing to change my location to Bangalore.
• I am open to relocating to Bangalore for this opportunity.

• I understand the importance of being flexible and adapting to new environments.

• I have researched Bangalore and believe it offers great professional growth.

• I am excited about the prospect of working in a new city and experiencing its culture.

• I am confident that I can quickly adjust to the new location and contr
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Q5. Are you willing to work in UK shifts ?
Ans. 
Yes, I am willing to work in UK shifts.
• I am flexible with my working hours and can adapt to different time zones.

• I understand the importance of providing support and services to clients in different regions.

• I have previous experience working in shifts and have successfully managed my work-life balance.

• I am committed to meeting the needs of the organization and its clients, regardless of the working hours.
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Q6. Yes, I am ok to work for UK shifts.
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Q1. Regarding Budgeting and Financial Analysis.
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Q2. What are the elements of cost sheet.
Ans. 
A cost sheet includes direct and indirect costs of production.
• Direct materials cost

• Direct labor cost

• Factory overhead cost

• Administrative overhead cost

• Selling and distribution overhead cost

• Cost of goods sold

• Profit margin

• Selling price
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Q3. Regarding journal entry.
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Q1. Why want to change from current employer
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Q1. Tell Me about Job Profile?
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Q2. Do you have any experience in SAP?
Ans. 
Yes, I have experience in SAP.
• I have worked with SAP in my previous job as a supply chain analyst.

• I have experience in using SAP modules such as MM, SD, and PP.

• I have also undergone SAP training to enhance my skills and knowledge.

• I am proficient in using SAP to generate reports and analyze data.
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Q3. Are you Willing to work in Night Shift?
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Q1. Describe your Job profile in last Work?
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Q2. What you know about SAP?
Ans. 
SAP is a software company that provides enterprise resource planning (ERP) solutions for businesses.
• SAP stands for Systems, Applications, and Products in Data Processing

• It offers a wide range of software solutions for various business functions such as finance, logistics, and human resources

• SAP ERP is a popular software used for managing business processes

• SAP also offers cloud-based solutions such as SAP S/4HANA and SA...read more
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Q3. Why you are switching the job?
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Q4. What is Warehouse management?
Ans. 
Warehouse management involves the control and optimization of warehouse operations and inventory.
• Organizing and tracking inventory

• Managing receiving and shipping of goods

• Optimizing space utilization

• Implementing safety and security measures

• Utilizing technology for efficient operations

• Coordinating with suppliers and customers

• Examples: barcode scanning, automated storage and retrieval systems
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Q5. Question related to you resume?
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Q6. What do you know about Olam?
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Regarding SAP and logistics

Q1. With manager for previous experience
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Normal aptitude questions mainly test your E Q

Q1. What are the metrics on which your investment decision would depend on
Ans. 
Investment decisions depend on metrics like ROI, risk assessment, market trends, and financial ratios.
• Return on Investment (ROI)

• Risk assessment

• Market trends

• Financial ratios
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Q2. Share your experiences
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Q1. How to control inventory losses
Ans. 
Implementing proper inventory management techniques and controls can help reduce inventory losses.
• Regularly conduct physical inventory counts to identify discrepancies

• Implement strict inventory tracking systems to monitor stock levels

• Train employees on proper handling and storage of inventory

• Utilize technology such as barcode scanners or inventory management software

• Analyze sales data to forecast demand and prevent ove
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Q2. Accounting standards
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Q1. What is the difference between outstanding & accrual
Ans. 
Outstanding refers to unpaid expenses while accrual refers to expenses that have been incurred but not yet paid.
• Outstanding expenses are those that have not been paid yet, but are due to be paid in the future.

• Accrual expenses are those that have been incurred but not yet paid, such as salaries or interest on loans.

• Outstanding expenses are recorded as a liability on the balance sheet, while accrual expenses are recorded...read more
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Q2. Couple of Situation based questions
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Q1. Given a purchase transaction and asked to arrive at the forex gain loss
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Q2. Questions related to current roles in the organisation
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