Solenis Interview Questions, Process, and Tips for Experienced

Q1. What is your understanding of inventory management?
Ans. 
Inventory management involves overseeing the flow of goods from manufacturers to warehouses to retailers, ensuring optimal levels of stock are maintained.
• Monitoring and tracking inventory levels

• Forecasting demand to prevent stockouts or overstocking

• Implementing inventory control measures to minimize losses

• Utilizing inventory management software for efficient tracking

• Optimizing inventory turnover to maximize profitabili
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Q2. What are slow-moving provisions in inventory management?
Ans. 
Slow-moving provisions in inventory management are items that have low demand and take longer to sell.
• Slow-moving provisions tie up capital and storage space

• They can lead to increased carrying costs and potential obsolescence

• Examples include seasonal items, niche products, and outdated technology
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Q1. P2P Cycle, Accrual concept, Reconciliation
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Q2. P2P Cycle Accrual concept Reconciliation
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Q3. Vendor Reconciliation
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Q4. Invoice validation process
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Q5. P2P Cycle Accrual concept
Ans. 
P2P Cycle Accrual is a process of recording expenses in the financial statements before they are paid.
• P2P stands for Procure-to-Pay

• Accruals are recorded to match expenses with the period they were incurred

• This concept helps in accurate financial reporting

• Example: Recording an expense for goods received but not yet invoiced

• Example: Recording an expense for services received but not yet paid
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Q6. Reconciliation Accounts payable
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Q7. Invoice posting key's
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Q1. VLookup, Sumifs
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Q1. How much time does the lift take go from to floor to the bottom?
Ans. 
The lift takes approximately 30 seconds to go from top floor to bottom.
• The time taken for the lift to go from top floor to bottom can vary depending on the speed of the lift and the number of floors.

• On average, a lift takes around 20-30 seconds to go from top floor to bottom in a standard building.

• Factors such as the weight of the passengers, maintenance of the lift, and any stops in between can also affect the time ta
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Q1. How much revenue is calculated year over year taking historical data into consideration?
Ans. 
Revenue is calculated year over year by comparing the total revenue from one year to the next using historical data.
• Calculate total revenue for each year

• Compare total revenue from current year to previous year

• Use historical data to track revenue trends

• Consider factors like seasonality, market trends, and economic conditions

• Formula: Year-over-Year Revenue Growth Rate = ((Current Year Revenue - Previous Year Revenue) / P
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Q1. Salary expectation
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Assignment on GHS and other relevant data

Q1. Technical round completely
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Q1. Expected ctc and general hr interview
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Q1. About the company , process
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