Stellantis Financial Controller Interview Questions and Answers

CFMEA stands for Control Failure Mode and Effects Analysis.

• CFMEA is a systematic approach used to identify and mitigate potential failures in a process or system.

• It involves analyzing failure modes, their causes, and the potential effects on the process or system.

• CFMEA helps in prioritizing and implementing control measures to prevent or minimize failures.

• It is commonly used in industries such as manufacturing, automot...read more

System level DFMEA is given main preference.

• System level DFMEA considers the entire system and its interactions.

• Component level DFMEA focuses on individual components.

• System level DFMEA is more comprehensive and effective in identifying potential failures.

• Example: In automotive industry, system level DFMEA would consider the entire vehicle and its subsystems.

• Example: In medical devices, system level DFMEA would conside...read more

Implementing lean manufacturing principles, optimizing machine utilization, and investing in automation can improve productivity in machine shops.

• Implementing lean manufacturing principles such as 5S, Kaizen, and Kanban can help reduce waste and improve efficiency.

• Optimizing machine utilization by scheduling preventive maintenance, reducing setup times, and improving workflow can increase productivity.

• Investing in auto...read more

ABC costing is a method of assigning costs to products based on their consumption of resources. Industrial engineers play a key role in implementing and optimizing ABC costing systems.

• ABC costing stands for Activity-Based Costing

• It is a method of assigning costs to products based on the resources they consume

• Industrial engineers play a key role in implementing and optimizing ABC costing systems

• They help identify the ac...read more

VA/VE stands for Value Analysis/Value Engineering. It is a systematic approach to improve the value of a product or service.

• VA/VE aims to reduce costs while maintaining or improving the quality of the product or service.

• It involves analyzing the functions of a product or service and identifying areas where costs can be reduced without compromising quality.

• Examples of VA/VE projects include redesigning a product to use ...read more