Manager Process Excellence Interview Questions and Answers

VSM and other lean tools are used to map and improve processes for increased efficiency and reduced waste.

• Value Stream Mapping (VSM) helps visualize the flow of materials and information in a process.

• Lean tools like 5S, Kaizen, and Kanban are used to identify and eliminate waste in processes.

• Continuous improvement is key in applying VSM and lean tools to drive efficiency and quality.

• Examples: Using VSM to identify bottlenecks in a production line and implementing Kanban to im...read more

Loan processing journey involves multiple steps from application to disbursement.

• The journey starts with the customer submitting a loan application.

• The application is then verified and assessed by the lender.

• If approved, the loan is then disbursed to the customer.

• Throughout the journey, there are various checks and balances to ensure compliance and risk management.

• The journey may vary depending on the type of loan and lender policies.