TVS Mobility Collections Manager Interview Questions and Answers for Freshers

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

Finance is the management of money and investments, including activities such as budgeting, investing, and financial planning.

• Finance involves the management of money and assets.

• It includes activities such as budgeting, investing, and financial planning.

• Finance helps individuals and organizations make informed financial decisions.

• Financial statements and reports are used to analyze and track financial performance.

• Examp...read more

Sources of finance include equity, debt, and retained earnings.

• Equity financing involves selling ownership shares in the company to investors.

• Debt financing involves borrowing money from lenders and paying it back with interest.

• Retained earnings are profits that are reinvested back into the company.

• Other sources of finance include grants, subsidies, and crowdfunding.

• The choice of finance depends on factors such as the ...read more