20+ Finqy Interview Questions and Answers

Supply chain management is required for an organization to ensure efficient flow of goods and services, reduce costs, mitigate risks, and enhance customer satisfaction.

• Efficient flow of goods and services: Supply chain management helps in streamlining the movement of raw materials, components, and finished products, ensuring timely delivery to customers.

• Cost reduction: Effective supply chain management can help in optimizing inventory levels, minimizing transportation costs, ...read more

If a supplier is not responding to complaints, I would take the following steps:

• First, I would try to contact the supplier through multiple channels such as phone, email, and in-person visits.

• If the supplier still does not respond, I would escalate the issue to their higher management or a designated contact person.

• I would document all the complaints and communication attempts for future reference.

• If the lack of response continues, I would explore alternative suppliers and in...read more

The previous dated invoice of an earlier year should be processed in the current year with proper adjustments.

• Check if the invoice is valid and accurate

• Adjust the financial statements for the previous year if necessary

• Process the invoice in the current year with the correct date and accounting treatment

Factors to consider when evaluating a supplier

• Quality of products/services

• Pricing and payment terms

• Delivery time and reliability

• Supplier's financial stability

• Supplier's reputation and track record

• Communication and responsiveness

• Supplier's compliance with regulations and standards

I would improve my time management skills and my ability to delegate tasks effectively.

• Prioritize tasks based on importance and deadlines

• Set specific goals and deadlines for each task

• Learn to say no to tasks that are not a priority

• Delegate tasks to team members based on their strengths and workload

• Regularly review and adjust task list to stay on track

I will follow a structured approach to identify the root cause and work with the supplier to develop and implement a corrective action plan.

• Conduct a thorough investigation to identify the root cause of non-responsiveness

• Communicate with the supplier to understand their perspective and challenges

• Develop a corrective action plan with specific actions, timelines, and responsibilities

• Monitor progress and provide regular updates to stakeholders

• Consider alternative suppliers if ne...read more

Supplier performance rating is calculated based on various factors such as quality, delivery, cost, and responsiveness.

• Identify the key performance indicators (KPIs) for the supplier

• Assign weights to each KPI based on their importance

• Collect data on supplier performance for each KPI

• Calculate the score for each KPI using a predefined formula

• Multiply the score for each KPI by its weight and add them up to get the overall performance rating

• Provide feedback to the supplier on the...read more

Managing RMC involves monitoring inventory levels, forecasting demand, optimizing procurement, and ensuring timely delivery.

• Regularly monitor inventory levels to avoid stockouts or excess inventory

• Forecast demand based on historical data, market trends, and upcoming projects

• Optimize procurement by negotiating with suppliers for better prices and terms

• Ensure timely delivery of RMC to meet production schedules and customer orders

The wiper motor is an electrical device that powers the windshield wipers, allowing them to move back and forth to clear the windshield.

• The wiper motor receives power from the vehicle's electrical system.

• It converts the electrical energy into mechanical energy to drive the wiper arms.

• The motor is controlled by a switch on the dashboard, which allows the driver to control the speed and movement of the wipers.

• The motor typically has multiple speeds to adjust the wiper speed acc...read more

Motors and generators are electrical machines that convert electrical energy into mechanical energy and vice versa. PCB and soldering are components used in electronic circuits.

• Motors convert electrical energy into mechanical energy to produce motion.

• Generators convert mechanical energy into electrical energy.

• PCB (Printed Circuit Board) is a board made of insulating material with conductive pathways etched onto it to connect electronic components.

• Soldering is the process of j...read more

Outward typically refers to something moving or directed towards the outside or external surface.

• Outward means moving or directed away from a central point or towards the exterior.

• It can also refer to something visible or noticeable to others.

• Examples: outward appearance, outward behavior, outward movement.

There are approximately 500 part codes in our stores.

• Approximately 500 part codes are currently in stock

• Part codes are used to identify specific items in the inventory

• Each part code corresponds to a unique product or component

• Part codes help in efficient tracking and management of inventory

The daily work process of a Store Incharge involves overseeing inventory, managing staff, ensuring customer satisfaction, and maintaining store cleanliness.

• Checking inventory levels and placing orders for restocking

• Supervising and training store staff

• Resolving customer complaints and ensuring high levels of customer satisfaction

• Ensuring store cleanliness and organization

• Analyzing sales data and creating reports for management

Use the smtplib library in Python to send emails programmatically.

• Import the smtplib library

• Create an SMTP object for the mail server

• Use the sendmail() method to send the email

• Remember to close the connection after sending the email

Five is a numerical value representing the quantity of five items.

• Five is the third prime number.

• There are five fingers on a human hand.

• A pentagon has five sides.

• A standard dice has five dots on one side.

Displaying a name in reverse order

• Create an array of characters from the name

• Iterate through the array in reverse order

• Concatenate the characters to form the reversed name

A systemic approach to issues involves analyzing problems within the context of the larger system they are a part of.

• Identify all stakeholders involved in the issue

• Consider how different parts of the system interact and influence each other

• Look for underlying causes rather than just addressing symptoms

• Develop solutions that take into account the entire system

• Implement changes that will have a positive impact on the system as a whole

My current CTC is $50,000 per annum.

• My current CTC is $50,000 per annum.

• I am currently earning $50,000 per year.

• My current salary package is $50,000 annually.

CAN bus module is a communication protocol used in vehicles for real-time data exchange between electronic control units.

• CAN bus stands for Controller Area Network bus

• It is a message-based protocol used for communication between electronic control units in vehicles

• CAN bus modules are commonly used in automotive industry for real-time data exchange

• CAN bus modules have high reliability and fault tolerance

• Examples of CAN bus modules include CAN transceivers, CAN controllers, and...read more

Basic questions of electrical engineering cover fundamental concepts and principles of electricity and electronics.

• What is Ohm's law?

• What is the difference between AC and DC current?

• What is a capacitor and how does it work?

• What is a transformer and what is its function?

• What is a diode and what is its purpose?

• What is a transistor and how does it work?

• What is a circuit and how is it analyzed?

• What is the difference between a series and parallel circuit?

• What is a voltage regulato...read more

Five S is a mnemonic used in the oil and gas industry to remember the key steps in drilling a well.

• Safety - prioritize safety measures to prevent accidents

• Survey - conduct a survey to determine the best location for drilling

• Spud - begin drilling the well

• Set casing - install casing to stabilize the wellbore

• Squeeze - perform cement squeeze to seal off any leaks

Sheet metal techniques involve cutting, bending, and shaping metal sheets to create various components.

• Cutting techniques include shearing, sawing, and laser cutting.

• Bending techniques involve using a press brake or a roller to create bends in the metal.

• Shaping techniques can include stretching, shrinking, and deep drawing.

• Common sheet metal components include brackets, enclosures, and panels.

Simulation in Solidworks allows engineers to test designs virtually before physical prototyping.

• Solidworks Simulation helps analyze stress, vibration, thermal effects, and more on designs.

• It allows for optimization of designs to improve performance and reduce costs.

• Examples include testing the strength of a bridge design or analyzing heat dissipation in an electronic component.

• Simulation results can be used to make informed decisions and improvements to the design.

• Solidworks ...read more

Handling of dispatch team involves effective communication, organization, and leadership.

• Establish clear communication channels within the team to ensure smooth coordination.

• Provide regular training and feedback to improve team performance.

• Set clear goals and expectations for the team to work towards.

• Delegate tasks based on team members' strengths and skills.

• Address any conflicts or issues promptly to maintain a positive work environment.

Tip stability procedure involves ensuring the stability of a structure or equipment's tip to prevent accidents or damage.

• Check the center of gravity of the structure or equipment

• Ensure proper anchoring or support for the tip

• Consider wind or external forces that may affect tip stability

• Regularly inspect and maintain the tip stability procedure

Fool proofing techniques are methods used to prevent mistakes or errors from occurring.

• Implementing thorough testing procedures

• Providing clear instructions and guidelines

• Using automation tools to reduce human error

• Implementing checks and balances in the system

• Training employees on best practices and potential pitfalls

Interrupts are signals sent to the CPU by external devices to request attention and interrupt the current program execution.

• Interrupts allow external devices to communicate with the CPU without the need for constant polling.

• When an interrupt occurs, the CPU suspends its current task, saves its state, and executes an interrupt service routine (ISR).

• ISRs are small programs that handle the interrupt request and then return control to the main program.

• Interrupts can be classified...read more