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.
1. What are the stages between the end of work in progress and finished goods?
2. What is the role of a finished goods warehouse?
3. What is MRO inventory?
4. Differentiate push and pull methods.
5. What is a push-pull frontier?
6. What is delayed differentiation? Can you give some examples?
7. What are all the different types of order size quantities?
8. What is an independent demand, and give examples?
9. What is an inventory carrying cost?
10. Explain the safety stock and customer service trade-offs.
11. Explain drum buffer rope.
12. Does EOQ help in optimizing inventory?
13. Explain EOQ and derive the formula.
14. “EOQ is the balance between two factors” What are the factors?
15. Will a manufacturing organization that considers EOQ quantity alone run efficiently?
16. What ordering system could be preferred for the C' category inventory?
17. What is ABC analysis?
18. List out the step-by-step approach for establishing an organization's ABC classification of inventory.
19. What is Kanban?
20. What are all the different forms of kanban that you have encountered?
21. List some of the inventory protection measures.
22. Differentiate inventory fraud and embezzlement.
23. Explain inventory write-off.
24. What is inventory deterioration?
25. What is inventory obsolescence?
26. How product and material handling equipment are related?
27. List the components of inventory carrying cost
28. What percent approximately does inventory carrying cost account for in a relatively well-managed company?
29. Discuss the elements of inventory ordering cost.
30. Describe the total cost of ownership.
31. Your company asks you to select a particular drilling machine from available suppliers. What are all the elements of the cost you would consider to calculate the total cost of ownership?
32. Give an example of an industry where value addition is very high compared to raw material value. Indicate your reasoning.
33. What two ways can we calculate safety stock based on an organisation's risk appetite?
34. Fricksgone Inc. is a grease gun manufacturing company. It sells grease guns in 5 kg and 10 Kg capacities fully loaded with grease. Viscouse Flow Inc. is the supplier of grease. Recall our discussion in class and identify the type of this inventory grease. Hint: Raw Material or MRO.
35. ACME Inc. has three Echelons after its manufacturing facility. Echelon-1 has two regional warehouses, each holding 1 million units of AroMax, a room freshener product. Echelon-2 has ten fulfilment centres, and each holds 10,000 units of AroMax. Echelon-3 has 1800 retail stores, and each holds 100 units of AroMax. Calculate the inventory of Echelon-1.
36. Which type of inventory supports the production process as safety stock?
37. Which type of inventory supports customer service as safety stock?
38. What are the two types of raw materials?
39. What are the two types of WIP?
40. What are the two types of inventories that support customer service?
41. What is the function of inventory in connection with risk management?
42. A company uses safety stock every other day means what?
43. Will a company hold more inventory in safety stock or cycle stock?
44. Define Echelon with an example.
45. Define Nodes with an example.
46. Name the function of the inventory associated with the bottleneck machine.
47. The buffer inventory belongs to which process improvement methodology?
48. Which type of inventory is most difficult to sell in case of business bankruptcy?
49. Give an example of an industry where value addition is minimal compared to raw material value.
50. Festivals, Events, Promotions, High Seasonality – Name the function of inventory associated with this.
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
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;