20+ Olam Interview Questions and Answers

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 of the service

• Implement necessary changes, such as optimiz...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 prepared, errors may go unnoticed and financial statements m...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 or storage costs), is used to determine the value of invent...read more

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 as an expense on the income statement.

• Examples of outstan...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.

• Without accruals, expenses and revenues may be recognized in t...read more

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 can generate interest in inventory.

• Implementing effective...read more

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.

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.

• Ensuring proper lubrication of moving parts.

• After starting chec...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 design and the availability of technical documentation can a...read more

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

Managing manpower involves prioritizing workforce retention and measuring individual productivity.

• Implement effective employee retention strategies such as offering competitive salaries, providing opportunities for growth and development, and creating a positive work environment.

• Regularly assess and measure individual productivity through performance evaluations, goal setting, and tracking key performance indicators.

• Provide training and support to enhance employee skills and ...read more

Product sourcing involves finding and selecting suppliers, while storage methods include organizing and maintaining inventory.

• Product sourcing involves identifying reliable suppliers and negotiating contracts.

• Storage methods include categorizing products, using appropriate shelving and labeling systems.

• Examples of storage methods include FIFO (First In, First Out) and LIFO (Last In, First Out).

Investment decisions depend on metrics like ROI, risk assessment, market trends, and financial ratios.

• Return on Investment (ROI)

• Risk assessment

• Market trends

• Financial ratios

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 SAP SuccessFactors

• SAP has a large customer base including ma...read more

IDoc is a SAP document format used for exchanging data between systems. It can be triggered and checked using various methods.

• IDoc can be triggered manually or automatically through various SAP processes

• To manually trigger an IDoc, use transaction code WE19

• To automatically trigger an IDoc, use SAP process codes or output types

• To check the status of an IDoc, use transaction code WE02 or WE05

• IDoc errors can be checked using transaction code WE02 or WE05 and corrected using tran...read more

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

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 interactions

I switched jobs to gain new experiences and challenges. SD flow refers to Sales and Distribution process flow.

• I wanted to expand my skill set and work on different projects

• I was seeking new challenges and opportunities for growth

• SD flow refers to the Sales and Distribution process flow in SAP systems

• I have experience working with SD flow in my previous roles

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 overstocking or understocking

I can add value to the company by leveraging my extensive sales experience, strong leadership skills, and proven track record of exceeding targets.

• Developing and implementing strategic sales plans to drive revenue growth

• Leading and motivating sales teams to achieve and exceed targets

• Building and maintaining strong relationships with key clients and stakeholders

• Analyzing market trends and competitor activity to identify new opportunities for growth

• Utilizing data-driven insight...read more

My last project involved working with IDocs and enhancing the system.

• Developed custom IDoc types for data transfer between SAP and non-SAP systems

• Implemented enhancements to improve system performance and user experience

• Collaborated with cross-functional teams to ensure successful project delivery

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 required for any work involving digging or excavation.

• Elect...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 specifications.

• After reassembly, the engine is tested to ensur...read more