Sand Martin Consultants Assistant Manager Operations Interview Questions and Answers

Provision is an amount set aside for a specific purpose or future expense.

• Provision is a financial term used to account for future expenses or liabilities.

• It is a predetermined amount set aside in the company's financial statements.

• Provisions are made based on estimates and are adjusted as necessary.

• Examples of provisions include bad debt provision, warranty provision, and restructuring provision.

Order to cash is the process of receiving and fulfilling customer orders, invoicing, and receiving payment.

• Order to cash involves receiving customer orders

• Processing the orders

• Invoicing the customer

• Receiving payment for the order

• It is a key process in the sales cycle

SDLC stands for Software Development Life Cycle. There are various models followed during a project like Waterfall, Agile, Iterative, etc.

• SDLC is a process used by software development teams to design, develop, and test high-quality software.

• Waterfall model follows a linear and sequential approach, where each phase must be completed before moving on to the next.

• Agile model emphasizes flexibility and customer collaborat...read more