Top 25 Interview Question of Supply Chain Management
Top 25 Interview Question of Supply Chain Management
Q1)What Are The Responsibilities Of A Logistician?
Primary role of a logistician is to
- Manage the supply chain
- Transportation and storage of material
- Transportation management
Q2) Define Supply Chain Management.
Supply chain management, or as it is popularly called, SCM is defined as the thorough supervision of every aspect of the supply chain (including raw materials, data, and finances) from the start to finish.
In the process of creating and satisfying demands, supply chain management works to integrate and stabilize the flow of processes from the production of goods to their eventual delivery.
This puts executives in supply chain management in direct touch with everyone, from suppliers to customers.
Q3) What is the Ultimate Objective of Supply Chain Management?
Supply chain management is driven towards achieving efficiency in its operations and maximizing productivity in an organization. Companies hope to satisfy the demands of people by delivering the right goods to them on time while profiting from doing so.
While streamlining the whole process, supply chain managers ensure that waste is minimized, and there is productive utilization of everyone’s time, allowing the organization to cut costs. All of these smaller goals lead to one ultimate goal, which is to achieve efficiency.
Q4) What is the Difference Between Supply Chain Management and Logistics?
Supply chain management and logistics are two very different processes. While supply chain management is confined to the bigger picture, logistics is comparatively small.
- Logistics is all about producing the goods in one organization and distributing them amongst the consumers who demand the goods.
- Supply chain management, on the other hand, is a group of organizations that strive to distribute goods in voluminous quantities among their consumers. In this sense, it is a large scale operation involving multiple moving parts.
Q5) What are the Roles of a Supply Chain Manager?
A supply chain manager monitors and controls a company’s supply chain and logistics techniques and operations. The main aim of managing all these is to ensure the company operates efficiently and maximizes profits. They also have a critical role in creating and maintaining excellent rapport with distributors and vendors.
Q6) What Are the Qualities That a Supply Chain Manager Should Poses to Be Effective?
An excellent supply chain manager must have excellent math skills, analytical skills, and the ability to understand the demand and supply concept. They should also incorporate data and keep track of orders, sales trends, shipments, and the ways to maximize profits and reduce losses. A supply chain manager should also have proper project management skills and know-how to use technology to accelerate supply.
Q7) What Comprises Supply Chain Management?
Supply chain management is incomplete without including collaborative and integrative practices with its channel partners. Suppliers, retailers, wholesalers, distributors, and customers are involved in the success of a supply chain operation.
Supply chain managers must collaborate with suppliers, keep track of demand, integrate the services of wholesalers and distributors, and effectively communicate with everyone involved, including customers, in the process.
Q8) How Do You Define SKU Keeping in Mind the Supply Chain?
SKU stands for a stock-keeping unit. It is related to the inventory management field. When we say SKU, it refers to a particular item stored in a particular place in the inventory.
Q9)What Is The Different Position A Person Can Work In Logistic Industry?
A person can work under various position:
- Logistic director
- Logistic supervisor
- Logistic associate
- Logistic engineer
- Logistic coordinator
- Logistic specialist
- Logistic analyst
Q10) What is the Importance of Logistics?
Logistics is important because if the consumers do not get their desired goods, the whole point of production is invalid. Logistics might seem like an insignificant process that is carried out at the end, but it carries the load of the entire process of production.
Logistics isn’t something that comes into play when the goods are manufactured and ready to be shipped. It is a process that is active throughout the production. In fact, logistics sets into motion even before the production starts. The procurement process of raw materials is the role of logistics.
Moving on, it also takes care of transportation and warehousing. Finally, when it comes to the delivery of goods, everyone is aware of the charm that logistics works in bringing our goods safely — and on time — to us.
Q11) Explain What Is Ltl (less Than Truckload)?
LTL (Less than Truckload) shipment is a contract between the shipper and transport owner. According to the contract, instead of the entire truck, the shipment are priced according to the weight of the freight and mileage within designated lanes.
Q12) What Is The Advice Of Shipment And Advising Bank?
Advice of shipment: It is a notice sent to a foreign buyer or local trader informing them that the shipment has processed forward and carried information about packing, routing, etc. A copy of the invoice is often sent with it and if recommended a copy of landing also attached along with that.
Q13) What Do You Understand by Compliance Labels?
A compliance label for a product is made with due attention to the standardized procedures of the industry associated with the product. It plays a crucial role in import/export where it is in the hands of the government agencies to define and check these label requirements for exported or imported products.
Q14) What is the Role of Logistics in Supply Chain Management?
The entire process of monitoring the transporting of goods and services from one place to its intended destination is termed as “logistics.” The term logistics was originally used to refer to the transportation of equipment to military armies on the ground.
However, in modern times, logistics is not just limited to its definition. It can shapeshift very easily to fit into the demands of an organization. It is more than just delivering the final goods to the consumers.
The logistics department is also tasked with the responsibility of warehousing, managing outbound and inbound transportation, planning to meet demands, and handling materials. They are also in charge of inventory management, transport management, and fulfillment of orders.
Q15) What Makes Up a Supply Chain Management?
A supply chain primarily comprises integrative and collaborative practices and the channel partners. The partners are suppliers, wholesalers, distributors, retailers, and customers who together contribute to the success of a supply chain.
The supply chain manager has to work closely with the suppliers, ensure accurate track of demand, and work on distributors and wholesalers’ services. He then needs to ensure consistent communication with everyone that makes up the supply chain, including the customers.
Q16) What Does A Bill Of Lading Include?
A bill of lading includes following details:
- Name and complete address of shippers and receivers
- Special account numbers or PO used between business for order tracking
- Instruction for the carrier for secure delivery
- Date of the shipment
- Number of shipping units
- Types of packaging that includes cartons, pallets, skids and drums
- Description about the shipped items (common name & material of manufacture)
- Declared value of the goods being shipped
- Note included if there is any hazardous substance in it
- Exact weight of the shipments – for multiple commodities, weight for each commodity is mentioned separately
- Freight classification of the items shipped, according to NMFC (National Motor freight classification)
Q17) What Are The Activities Performed At Operational Level In Logistics’?
Various activities at operational level includes:
- Goods receipt and checking
- Bulk storage
- Order picking
- Stock replenishment
- Order marshalling
- Load Scheduling
- Availability of Personnel
- Update of stock
- Completion of documentation
Q18)Define Advance Shipping Notice.
It is sent to the customer before the delivery. It contains all the information about the shipment of their products. It comprises details related to the carrier of the shipment, when the shipment can be expected, etc.
Q19) What Do You Understand by Anti-Dumping Duty?
It is an import duty that is levied when the charges of the imported goods are lower than the decided price in the market of the exporter’s country. This results in deficits in the domestic market of the importing country.
Q20) What’s Your Understanding of Compliance Labels?
The compliance label focuses on the standardized procedure of the company concerning the product. It’s very significant, especially for a company that imports and exports its goods. The government must check and ascertain that a product is in line with its regulations and correct standards, safe for the consumers.
Q21)Define Advance Shipping Notice
An advance shipping notice refers to a notification that customers receive concerning the pending deliveries of their order and contains all the relevant information they need. It tells them that the supply chain manager has received their order and their goods are on the way. The notice is mainly through an electronic format and is a famous EDI document.
Q22)Define Dead Weight Tonnage
Deadweight tonnage is the difference between a ship’s laden and unladen weight. It means a company will subtract all their items on the ship from the ship’s weight. A supply chain manager must know the deadweight tonnage to calculate expenses and minimize losses.
Q23) Mention What Is Freight Class Based On?
Freight class is based on four factors:
Density: Weight per cubic foot
Freight Stowability: width and length based on carrier mode rules
Ease of handling: Evaluation of the effort required in transporting
Liability: It includes liability to damage, breakability and perishability, freight price per pound and susceptibility of theft.
Q24) Explain What Is Declared The Value For Carriage?
Declared value for carriage is the value of the goods, declared by the shipper on the bill of lading, to determine the limit of the carrier’s liability or a freight rate.
Q25) Explain What Is Carton Clamps?
It is the most versatile attachment used for handling and transporting multiple unpalletized products such as furniture, carton, appliances, etc.