Read this free guide below with common Supply Chain interview questions
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Supply Chain Management is the planning and managing of all activities involved in sourcing, procurement, conversion, and logistics management.
Logistics involves the movement of goods and materials from one location to another, while supply chain management encompasses the entire process from sourcing to delivery.
To manage risk, you can develop contingency plans, diversify suppliers, and conduct regular assessments of the supply chain.
A push strategy is when a company produces goods in anticipation of demand. In contrast, a pull strategy is when a company produces goods based on actual customer orders.
A supplier evaluation is the process of assessing a supplier's performance based on predefined criteria like quality, delivery, cost, and service.
Supply chain performance can be measured using metrics like inventory turnover, order cycle time, on-time delivery, and perfect order fulfillment.
Supply chain visibility is the ability to track and monitor products, materials, and information as they move through the supply chain.
A Bill of Materials is a list of all the components, parts, and raw materials needed to manufacture a product.
A purchase order is a document that outlines the quantity and description of goods or services to be bought, the price, payment terms, and delivery conditions.
One example of supply chain optimization is using Just-in-Time (JIT) inventory management to minimize inventory holding costs while ensuring timely delivery to customers.
To ensure compliance with trade regulations, you need to keep up to date with changes to legislation, engage legal advice, and implement robust internal procedures.
To minimize disruptions, you can develop contingency plans, implement robust risk management strategies, and have clear communication channels with suppliers.
Supplier relationship management is crucial to ensure the sustainability of the supply chain, lower cost, and improve service levels.
Inbound logistics is the transportation, storage, and delivery of raw materials and components. Outbound logistics is the transportation, storage, and delivery of finished goods to customers.
To manage inventory, you need to maintain accurate stock information, forecast demand, set reorder levels, and conduct regular inventory audits.
One example of a supply chain strategy is implementing a vendor-managed inventory (VMI) agreement with the supplier to reduce inventory holding costs while ensuring sufficient stock levels.
A logistics network is the structure of transportation routes, distribution centers, and warehouses used by a company to move products to customers.
To ensure quality control, you need to engage in regular quality assurance checks, conduct supplier audits, and maintain robust inspection procedures for incoming materials.
Supply chain sustainability is the integration of environmental, social and economic considerations to ensure the long-term viability of the supply chain while minimizing negative impacts on people and the planet.
Supply chain management is a critical aspect of any business. It involves the planning, procurement, production, and delivery of products to customers. If you are looking for a job in the supply chain field, then you will undoubtedly be invited for an interview at some point in your job search. In this article, we will guide you through some tips and tricks to help you prepare for a supply chain interview and increase your chances of success.
Not asking questions can suggest a lack of interest or preparation. Prepare a few thoughtful questions in advance to show your enthusiasm and curiosity about the role.
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