The first step in preparing for a successful interview outcome is forecasting the possible questions that you would encounter in the interview board. Research shows that those who adopt this approach performs two to five times better in an interview compared to the unprepared mind.
The benefit of this approach is multi-fold. One, it helps you to study the job description thoroughly. Second, you will do some amount of research. Only after these two steps one would think of coming out with the possible list of questions. Third, it builds enormous confidence inside you to face the interview board. Fourth, since you had already gone through the typical questions, you will be in a better position to listen, understand and analyse the questions and will be able to organise and articulate the answer.
Here is our small support in this direction. We have generated a series of possible questions running into several thousands and released in a periodical manner. All the questions may not be relevant for your position, but this list will certainly help you to trigger the right questions that are suitable to you.
Certified Inventory Optimization Professional
CIOP is a global supply chain management and inventory management certification program exclusively developed for corporations to optimize the inventory in their supply chain. CIOP teaches the global best practices in 30 modules over 90 hours of live, faculty-led, online training. It is founded on Inventory Management Body of Knowledge (IMBoK) version 3.0. CIOP is a comprehensive program includes training, reference material, Learning Management and Assessment System (LMAS), examination and certificate.
The LMAS contains classroom presentations, classroom notes, video lessons, audio lessons, quizzes, reference materials, terminologies and articles recommended by faculty.
The CIOP Examination is 3 hours, online, proctored examination with 180 multiple-choice questions. The participant needs to secure 70% of the maximum score (360 marks) to pass in the examination.
You can learn more about the CIOP certification in the below links:
CIOP Website: https://pages.fhyzics.net/ciop
Faculty Profile: https://pages.fhyzics.net/principal-consultant
Click here to request quote for the CIOP certification program.
Supply Chain Interview Questions
1. How do you define a product family? What are all the factors you consider while creating a product family?
2. Could you please describe causal forecasting technique?
3. Can you describe a simple regression formula with an example using a dependent variable and an independent variable that tracks a parameter in the market?
4. What is multiple regression? Do you have any experience in building such models?
5. Are you aware of the econometric model and what are all its benefits?
6. When would you adopt a time series forecasting? Describe the favourable conditions required to adopt this type of forecasting.
7. What is seasonality? Do you feel our industry has seasonality?
If so, what would be the ballpark seasonal index for the peak period?
8. We deseasonalize, forecast and then reseasonalize. What is the reason behind this?
9. Can you think of couple of products that have very high seasonality?
10. Forecasting is always wrong. Comment.
The above questions are applicable to the following positions: