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Supply Chain Management Interview Questions and Answers

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steps will organization reduce waste drive out costs achieve efficiencies used more broadly refer moving resources people equipment location storage desired destination The term logistics originated military referring movement supplies troops field Components involve some or following business functions including Inbound transportation Outbound Fleet Warehousing Materials handling Order fulfillment Inventory planning Why Important Although many small businesses focus design production their products services meet needs if those cannot reach fail That s major role that plays But impacts other aspects too efficiently raw be purchased transported stored until profitable Coordinating allow for timely delivery use break company And side produced shipped manner satisfaction decline negatively impacting profitability long-term viability Difference between vs terms often interchangeably but actually two refers what happens purchase packaging shipment goods example While larger network outside organizations work together deliver vendors call centers warehouse others affreightment Affreightment freight legal shipping charterer agrees pay specified price called carriage ship A may let like house person who takes possession control it activities performed operational divided three parts pick-up warehousing distribution end per sub include whole operations via air sea road customs clearance Control Assurance Sorting stock replenishment stores return Explain procedure cycle Procure P obtaining managing needed manufacturing product providing It transactional flow data sent well surrounds actual order payment According Chartered Institute Purchasing procure should seamless point Technology assist this procure-to-pay software system automate processes introducing efficiency controls For instance enforce buying might cross-reference purchasing budgets ensure compliance pre-defined limits requisition was would programmatically routed approval converted into once approved immediately correct email sophisticated capable extracting invoice general ledger enterprise resource relationship CRM systems while accepting transaction banks sources reconciling complex multiple statements payments good received SKU In stock-keeping unit specific item intended disaggregated when dealing units same supposed indistinguishable labels label which complies standards set case an import meets specifications applicable government agencies importing exporting countries Topics An Information Technologies Comments Subscribe Top choose right career Path Here top courses select More Recent Archive Net Question Answer net questions API ssentials C question Abinitio Accountant Financial accounting ques Active Directory advanced c programming Ajax Analytical Analytics Retail Banks Android Freshe angularjs Ansible Anti-Money laundering Answ Kafka storm answers appium AS Asp ASP NET Experi MVC Autocad automation testing python Architect EC aws VPC Backbone js Bank Financing Credit Risk Analysis 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