Olam Interview Questions, Process, and Tips for Experienced

Yes, interest can be added to inventory through various means.

• Interest can be added to inventory by offering promotions or discounts to attract customers.

• Introducing new and trendy products can generate interest and increase demand for inventory.

• Creating visually appealing displays and arranging inventory in an attractive manner can attract customers.

• Providing excellent customer service and personalized recommendations...read more

Accruals are necessary for accurate financial reporting and to match expenses with revenues.

• Accruals help in recognizing expenses and revenues in the period they occur, rather than when cash is received or paid.

• They ensure that financial statements reflect the true financial position and performance of a company.

• Skipping accruals can lead to distorted financial statements and misrepresentation of financial results.

• With...read more

Trial Balance is a statement that lists all the ledger balances to ensure they are in balance.

• Trial Balance is prepared to check the accuracy of the accounting records.

• It lists all the debit and credit balances of the ledger accounts.

• If the Trial Balance doesn't balance, it indicates errors in the accounting records.

• Errors can include incorrect postings, omissions, or mistakes in calculations.

• If Trial Balance is not pr...read more

Inventory is valued based on the cost of acquiring or producing the items. Factory cost can be added to inventory.

• Inventory is typically valued using one of the following methods: First-In, First-Out (FIFO), Last-In, First-Out (LIFO), or Weighted Average Cost.

• The cost of acquiring or producing the items, including any direct costs (such as purchase price or production costs) and indirect costs (such as transportation o...read more

Permits are documents that authorize specific work activities and ensure compliance with safety regulations.

• Types of permits include hot work permits, confined space permits, excavation permits, and electrical permits.

• Hot work permits are required for any work involving open flames or heat sources.

• Confined space permits are required for work in enclosed spaces with limited entry and exit points.

• Excavation permits are r...read more

I have a strong background in mechanical engineering and experience working with sugarcane harvesters.

• Extensive experience in servicing and maintaining agricultural machinery

• In-depth knowledge of sugarcane harvester operations

• Proven track record of troubleshooting and resolving technical issues efficiently

• Strong communication skills to work effectively with customers and team members

My plus point is my strong technical knowledge and problem-solving skills.

• Strong technical knowledge in sugarcane harvester machinery

• Proficient in troubleshooting and resolving technical issues

• Ability to analyze and diagnose problems quickly

• Effective problem-solving skills in challenging situations

• Experience in conducting regular maintenance and servicing

• Excellent communication and interpersonal skills for customer int

My action plan would involve understanding the requirements, conducting a thorough analysis, developing a strategy, implementing necessary changes, and continuously monitoring and improving the service.

• Understand the requirements of the sugarcane harvester service

• Conduct a thorough analysis of the current service processes and identify areas for improvement

• Develop a strategy to enhance the efficiency and effectiveness ...read more

Pre starting and after starting checking of an engine involves inspecting various components and systems to ensure proper functioning.

• Pre starting checking includes inspecting fuel levels, oil levels, coolant levels, and battery condition.

• Inspecting the engine for any visible leaks or damages.

• Checking the air filter and cleaning or replacing it if necessary.

• Verifying the condition of belts, hoses, and connections.

• Ensur...read more

Engine overhauling is the process of disassembling, inspecting, repairing, and reassembling an engine to restore its performance and extend its lifespan.

• Engine overhauling involves disassembling the engine to its core components.

• Each component is inspected for wear, damage, or any other issues.

• Any faulty or worn-out parts are repaired or replaced.

• The engine is then reassembled, ensuring proper alignment and torque spec...read more

The time taken to disassemble an engine depends on various factors such as the complexity of the engine, the experience of the service engineer, and the availability of tools and resources.

• The time taken to disassemble an engine can range from a few hours to several days.

• Experienced service engineers may be able to disassemble an engine more quickly compared to those with less experience.

• The complexity of the engine de...read more