Fhyzics brought out this series of articles on supply chain interview questions to help the supply chain aspirants better prepare for supply chain job interviews. Each article will contain fifty questions in one of the supply chain sub-domains and are equally applicable to all industries.
Fhyzics Business Consultants Pvt. Ltd. – a boutique business consulting firm specialising in supply chain management, procurement, business analysis and new product development. Fhyzics offers consulting, certifications, and civil services training and conducts conferences. Fhyzics represents the Association of Supply Chain Management (ASCM/APICS), USA; Chartered Institute of Procurement and Supply (CIPS), UK; EEP of International Institute of Business Analysis, IIBA, Canada; REP of International Requirements Engineering Board, IREB, Germany; Indian Affiliate of Product Development and Management Association, PDMA, USA.
Top 50 Supply Chain Interview Questions Part seven
1. How are trends and seasonality different?2. Explain the three levels of forecasting in manufacturing planning and control.
3. What factors would you consider while deciding the planning horizon and planning bucket?
4. What is random variation in forecasting?
5. What is forecasted in a Make-To-Stock environment?
6. What is forecast error?
7. What is the difference between forecast error and forecast accuracy?
8. Define probability distribution.
9. What is a sample and sampling distribution?
10. Define MAD, and how would you calculate it?
11. What is your understanding of SD? Explain with examples.
12. What is a tracking signal in forecasting, and why is it used?
13. What is a bias and its impact on forecasting?
14. What are MSE and MAPE, and why are they used?
15. Define mean, median, and mode.
16. What is extrapolation?
17. Explain normal distribution.
18. Differentiate between an organization’s want, demand, and sale.
19. What is the need for forecasting?
20. How does forecasting enable various departments in decision-making? Give an example for each department: operations, production, maintenance, procurement, legal, new product development, human resources, customer service, sales, marketing, and finance.
21. Describe a systematic approach from selecting a forecasting method until its implementation.
22. Are you aware of forecasting process mapping using Microsoft Visio?
23. Do you have experience in the AWS Forecasting tool?
24. Forecasting is somewhere between art and science? Justify.
25. What are all four levels of new product development? How will the choice of forecasting techniques vary among them?
Would you like to get the answers to all the above Supply Chain Interview questions to better prepare for your Supply Chain Interview?
Deliverables:
1. Answers to all the above 50 questions and
2. Access to LMS for one month
Click here for LMS Access.
The fifty questions presented above will help the following supply chain job interviews.
Demand Planner; Production Planner; Supply Planner; Supply Chain Analyst; Supply Chain Head; Inventory Controller; Materials Planner; VP Supply Chain; Warehouse Executive; Warehouse Manager; Inventory Analyst; Master Planner; Master Scheduler; Materials Manager; Category Manager; Commodity Manager; Procurement Specialist; Purchasing Manager; Sourcing Manager; Operations Manager; Operations Director; Production Manager; Production Scheduler; Logistics Coordinator; Logistics Manager; Transportation Analyst; Inventory Manager; Director of Supply Chain; Consultant; Buyer Planner; Logistics Resource Planner; Load Planner; Quality Manager; Production Supervisor; Production Operative; Strategic Sourcing Manager; Purchasing and Inventory Clerk; Logistics Administrator; Reverse Logistics Manager; Transport Administrator; Supply Chain Solution Design Analyst; Warehouse Clerk; Production Clerk; Production Technician; Inventory Associate; Export Manager; Capacity Manager; Manufacturing Manager; Plant Manager; VP of Operations; VP of Manufacturing; Supply Clerk; Replenishment Manager; Director of Procurement; Purchasing Agent; Vendor Manager; Fulfillment Associate; Route Manager; Import Manager; Distribution Manager; Director of Transportation; Operations Assistant; Quality Technician; Business Process Analyst; Quality Assurance Engineer; Continuous Improvement Manager; Planning Engineer; Lean, Six Sigma Specialist; SAP Consultant; Import Export Executive; Supply Network Specialist; Material Availability Analyst; Team Manager SCM; SCM Trainer; Sr. Specialist Supply Chain Logistics Management; Sustainable Supply Chain Specialist; Supply Chain Planner; Manager Supply Chain Management Analytics; Procurement Lead; Manager Store; Procurement Professional; Logistics Specialist; Global Delivery Manager; Sourcing Support Specialist; Category Head; Regional Logistics Incharge; Dispatch Incharge; Digital Transformation Leader for Supply Chain; Field Delivery Executive; Indirect Procurement Officer; DC Manager; Regional Procurement Lead; Yard Supervisor; Principal Buyer; Procurement HR; Fleet Coordinator; Supplier Developer; Vendor Consultant; Transportation Analyst; Manager Hub Operations; Supply Chain Planning System Manager;
