Senior Executive SCM
10+ Senior Executive SCM Interview Questions and Answers
Q1. What is incorerm and explain us about it how you are understanding it
Incorerm is not a known term in supply chain management.
Q2. What is supplier rating and how you do this means what is consideration in this
Supplier rating is the process of evaluating and ranking suppliers based on their performance and capabilities.
Supplier rating involves assessing various factors such as quality, delivery, cost, and responsiveness.
The ratings are typically based on a numerical or letter scale, with higher scores indicating better performance.
Supplier ratings can help organizations identify areas for improvement and make informed decisions about which suppliers to work with.
Considerations in s...read more
Q3. On what basis minimum, maximum and safety stock is defined ?
Minimum, maximum and safety stock are defined based on demand, lead time, and desired service level.
Minimum stock is defined as the lowest level of inventory required to meet demand during lead time.
Maximum stock is defined as the highest level of inventory that can be held without incurring excessive costs.
Safety stock is defined as the buffer stock held to mitigate the risk of stockouts due to demand variability or lead time uncertainty.
The levels of minimum, maximum, and s...read more
Q4. How you are giving schedules to to supplier?
Schedules are communicated to suppliers through a combination of electronic communication and regular meetings.
Use electronic communication tools such as email and online portals to share schedules with suppliers.
Hold regular meetings with suppliers to discuss upcoming schedules and any changes that may need to be made.
Ensure that schedules are clear and detailed, including information on quantities, delivery dates, and any special requirements.
Work closely with suppliers to ...read more
Q5. What is the procedure of import and export
Import and export procedures involve various steps and documentation requirements.
Obtain necessary licenses and permits
Arrange for transportation and logistics
Prepare and submit required documentation such as invoices, packing lists, and customs declarations
Comply with customs regulations and pay applicable duties and taxes
Ensure compliance with international trade laws and regulations
Examples of documents required for import/export include bill of lading, commercial invoice,...read more
Q6. 100% sch vs supply and meet the customer requirements
Supply and meet customer requirements should be prioritized over 100% SCH.
Customer satisfaction is key to business success.
Focusing solely on SCH may lead to excess inventory and waste.
Supply chain should be flexible to adapt to changing customer demands.
Examples: Fast fashion industry, Just-in-time manufacturing.
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Q7. What are parameters while costing a product.?
Parameters for costing a product include direct and indirect costs, overheads, labor costs, and material costs.
Direct costs include raw materials, labor, and manufacturing costs.
Indirect costs include rent, utilities, and administrative expenses.
Overheads include depreciation, insurance, and taxes.
Labor costs include wages, benefits, and training expenses.
Material costs include the cost of raw materials and any additional materials needed for production.
Other factors to consi...read more
Q8. How you handle relation of international supplier
I establish strong communication channels and build trust through regular meetings and visits to ensure timely delivery and quality products.
Establish clear communication channels
Build trust through regular meetings and visits
Ensure timely delivery and quality products
Understand cultural differences and adapt accordingly
Negotiate favorable terms and conditions
Maintain a good relationship even during disputes
Senior Executive SCM Jobs
Q9. Control of excess purchase /inventory control
Excess purchase/inventory control is crucial for SCM success.
Implement a robust inventory management system
Analyze demand patterns and forecast accurately
Set up a system for regular inventory audits
Establish clear communication channels with suppliers
Implement a system for returns and exchanges
Monitor inventory turnover ratio and adjust ordering accordingly
Q10. How exactly procurement can be done
Procurement can be done through a strategic process of identifying needs, selecting suppliers, negotiating contracts, and managing relationships.
Identify the goods or services needed
Research and select potential suppliers
Negotiate terms and conditions with chosen suppliers
Create and sign a contract with the supplier
Manage the relationship with the supplier to ensure quality and timely delivery
Monitor and evaluate supplier performance
Continuously improve the procurement proces...read more
Q11. How you doing audit of supplier
Supplier audit involves evaluating supplier performance and compliance with established standards.
Define audit criteria and standards
Conduct on-site visits and inspections
Review supplier documentation and records
Assess supplier performance and identify areas for improvement
Develop corrective action plans and monitor progress
Maintain open communication with suppliers
Ensure compliance with legal and ethical standards
Use technology to streamline audit process
Q12. What is ITR in inventory ?
ITR stands for Inventory Turnover Ratio, which measures how quickly a company sells and replaces its inventory.
ITR is a financial metric used to evaluate the efficiency of inventory management.
It is calculated by dividing the cost of goods sold by the average inventory value.
A high ITR indicates that a company is selling its inventory quickly and efficiently.
A low ITR may indicate that a company is holding too much inventory or is not selling its products effectively.
ITR can ...read more
Q13. Have you done any cost saving
Yes, I have implemented several cost-saving measures in my previous roles.
Implemented vendor consolidation program resulting in 15% cost reduction
Negotiated long-term contracts with suppliers resulting in 10% cost savings
Introduced lean manufacturing principles resulting in 20% reduction in waste
Implemented inventory management system resulting in 25% reduction in inventory holding costs
Q14. Best achievement of supply
My best achievement in supply chain management was implementing a vendor managed inventory system resulting in a 30% reduction in inventory holding costs.
Implemented a vendor managed inventory system
Achieved a 30% reduction in inventory holding costs
Improved inventory accuracy and reduced stockouts
Streamlined the procurement process and improved supplier relationships
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