Supply Chain Management Agm Interview Questions and Answers

The worst issue in SCM planning is poor demand forecasting. It can lead to overstocking or stockouts, affecting customer satisfaction and profitability.

• Invest in accurate demand forecasting tools and techniques

• Collaborate with suppliers and customers to gather relevant data

• Regularly review and update demand forecasts based on market trends and customer behavior

• Implement agile supply chain strategies to quickly respond to changes in demand

• Maintain safety stock levels to mitiga...read more

PM practices refer to project management practices used to plan, execute, and monitor projects.

• PM practices involve creating project plans, defining project scope, setting timelines, and allocating resources.

• They also include monitoring progress, managing risks, and communicating with stakeholders.

• Examples of PM practices include using Gantt charts, conducting regular status meetings, and utilizing project management software.

• Effective PM practices help ensure projects are co...read more

Some good practices of PM include effective communication, setting clear goals, and managing risks.

• Effective communication with team members and stakeholders

• Setting clear and achievable goals

• Managing risks and issues proactively

• Regularly monitoring and evaluating project progress

• Adapting to changes and being flexible

• Encouraging collaboration and teamwork