10+ Senior Business Consultant Interview Questions and Answers

Banks treat accounting entries for activities like principal repayment, interest dues, write-off, past dues by recording them in their financial statements.

• Principal repayment is recorded as a decrease in the loan receivable account and a decrease in the cash account.

• Interest dues are recorded as an increase in the interest income account and an increase in the interest receivable account.

• Write-offs are recorded as a decrease in the loan receivable account and a decrease in t...read more

Managing stakeholder conflicts involves effective communication and negotiation. User stories and use cases are tools for requirements gathering.

• Identify the stakeholders and their interests

• Listen actively to their concerns and needs

• Communicate clearly and transparently

• Negotiate mutually beneficial solutions

• Document agreements and follow up regularly

• User stories describe the user's perspective and needs

• Use cases describe the system's behavior and interactions

• Both are used for...read more

Data sources, KPIs, and strategic framework for Pharma Supply Chain and new product launch in Pharma Domain

• Data sources for Pharma Supply Chain include ERP systems, CRM systems, IoT devices, and external databases

• Phases in the organization include procurement, manufacturing, distribution, and sales

• KPIs for Commercial Analytics Dashboards include sales performance, inventory levels, demand forecasting accuracy, and supply chain efficiency

• Analytical insights generated can inclu...read more

The initial stages of CBS implementation involve planning, analysis, design, development, testing, and deployment.

• Planning phase involves defining project scope, objectives, and requirements.

• Analysis phase includes assessing current systems and processes to identify areas for improvement.

• Design phase focuses on creating a blueprint for the new CBS system.

• Development phase involves building the system based on the design specifications.

• Testing phase is crucial for ensuring the...read more

Revolving credit allows you to borrow up to a certain limit and repay it in full or in part, while non-revolving credit is a one-time loan with a fixed repayment schedule.

• Revolving credit has a credit limit that can be used repeatedly, like a credit card.

• Non-revolving credit is a one-time loan with a fixed repayment schedule, like a car loan.

• Revolving credit allows flexibility in borrowing and repaying, while non-revolving credit has a set repayment plan.

End-to-end implementation of CBS for Loans module

• Analyze current loan processes and requirements

• Design CBS system configuration for loan products

• Develop and test loan module functionalities

• Integrate CBS with existing systems for loan processing

• Train users on new CBS loan module

• Monitor and optimize CBS loan module performance

The amount of inventory to keep when working with a supplier in China depends on various factors such as lead times, demand variability, and transportation costs.

• Consider lead times for ordering and receiving inventory from China

• Take into account demand variability and seasonality

• Factor in transportation costs and logistics for importing inventory

• Evaluate the cost of holding inventory versus the risk of stockouts

• Utilize inventory management tools and software to optimize inve...read more

MS Azure functions issue and rectification

• Common issues with MS Azure functions include timeout errors, memory allocation problems, and authentication issues

• Rectification methods may involve adjusting timeout settings, optimizing memory usage, and verifying authentication credentials

• Examples of rectification steps include increasing timeout limits, optimizing code for better performance, and checking Azure AD configurations

I will build a strong relationship with the client by understanding their needs, providing tailored solutions, and maintaining open communication.

• Listen actively to the client's needs and concerns

• Offer personalized solutions based on their specific requirements

• Maintain regular communication to provide updates and address any issues

• Ensure client satisfaction by delivering results and exceeding expectations

Increasing sales can be achieved by implementing targeted marketing strategies, improving customer experience, and offering promotions.

• Implement targeted marketing strategies to reach potential customers

• Improve customer experience to retain existing customers and attract new ones

• Offer promotions and discounts to incentivize purchases

• Analyze sales data to identify trends and adjust strategies accordingly

Swaps are financial agreements between two parties to exchange cash flows or assets in the future.

• Swaps are commonly used in finance to manage risk or speculate on market movements.

• There are different types of swaps such as interest rate swaps, currency swaps, and commodity swaps.

• In an interest rate swap, two parties exchange interest rate payments on a notional amount of principal.

• Currency swaps involve exchanging principal and interest payments in one currency for another.

• C...read more

Project specifications refer to the detailed requirements and objectives of a project.

• Project specifications outline the scope, deliverables, timeline, budget, and resources required for a project.

• They serve as a roadmap for the project team to follow and ensure that the project meets the client's expectations.

• Examples of project specifications include a detailed project plan, a list of key stakeholders, and technical requirements.

• Clear and well-defined project specifications...read more

SQL CTE (Common Table Expression) allows for recursive queries and temporary result sets.

• CTE can be used to create temporary result sets that can be referenced within a query.

• CTE can be used to simplify complex queries by breaking them down into smaller, more manageable parts.

• CTE can be recursive, allowing for queries that reference themselves to traverse hierarchical data structures.

• CTE can be used with different types of joins like INNER JOIN, LEFT JOIN, and CROSS JOIN.