Technical Question - Logistics
Technical Question - Logistics
2. Define Logistics?
Logistics is defined as the process of planning, implementing and controlling the
efficient, cost effective flow and storage of raw materials, in-process inventory, finished
goods and related information from point of origin to point of consumption for the
purpose of conforming to customers’ requirements.
6. What is SCOR?
SCOR has been developed and endorsed by the supply chain council as the cross industry
standard for SCM.
SCOR: Plan – Source – Make – Deliver - Return
9. What do you mean by JIT & what is the inventory Control system used in JIT?
JIT means Just In Time
Inventory Control System used in JIT is called KANBAN.
WAREHOUSE MANAGEMENT
INVENTORY MANGEMENT
1) What is Inventory Management?
Inventory management is the process of ordering, handling, storing, and using a
company’s non-capitalized assets. For some businesses, this involves raw materials
and components, while others may only deal with finished stock items ready for sale.
9) What are the Factors Influencing Facility Location Decisions? Natural resources
Population characteristics Taxes and subsidies Transportation issues Customer
considerations Competitions
10) What is Demand Management?
Demand management is a planning method used to forecast, plan for and manage the
demand for products and services It is essential in terms of effective, cost focused,
inventory considerations
INTERNATIONAL BUSINESS
1. What you meant by International business.
IB is the trade of Goods, Services, technology and capital across the national borders.
2. Why do exports important for a country?
It provides and opportunity to earn foreign exchange, which can strengthen the domestic
economy of a country.
3. How to start an international business?
After the preliminary market research, apply with DGFT to get an IE Code to start
international business.
4. What you meant by an MTD Bill of Lading?
MTD Bill of Lading is used when there is more than one transportation involved in
shipment process.
5. What you understand with the term SWB ( Sea Way Bill)
SWB is a shipping document that serves as evidence of a contract of carriage between a
Shipper and Carrier. It is non-negotiable transport document.
DECARBONIZE IN SUPPLYCHAIN
9. Carbon Labelling:-
A carbon emission label or carbon label describes the carbon dioxide emissions created as
a by-product of manufacturing, transporting, or disposing of a consumer product.
10. Carbon offsetting:-
A carbon offset is a credit that a person or organization can buy to decrease its carbon
footprint.
11. Green Hydrogen:-
Producing hydrogen by electrolysis from renewable sources involves breaking down water
molecules (H 2O) into oxygen (O 2) and hydrogen (H 2).
PROCUREMENT MANAGEMENT
1. What is Sourcing?
Sourcing in procurement is a process of assessing, selecting, and managing suppliers to
acquire the desired goods and services from them.
2. What is procurement?
Procurement involves every activity involved in obtaining the goods and services a
company needs to support its daily operations, including sourcing, negotiating terms,
purchasing items, receiving and inspecting goods as necessary and keeping records of all
the steps in the process.
3. What is RFI?
A request for information is a common business process whose purpose is to collect written
information about the capabilities of various suppliers.
4. What is RFP?
An RFP or Request for Proposal is a document that asks for a comprehensive proposal from
the prospective suppliers that includes documents like a company profile, a proposal for
delivering goods or services asked for, a client list, and financial details.
5. What is RFQ?
An RFQ or Request for Quotation is a document that explains the details of the goods or
services that the organization plans to procure. In response to the RFQ, the prospective
suppliers are expected to quote their prices.
6. What is Purchase order?
A purchase order, commonly abbreviated as PO, is a formal document issued by a buyer
to a seller, indicating the types, quantities, agreed-upon prices, and other essential terms for
the products or services the buyer wishes to procure.
7. What are the important points to be considered for Supplier appraisal/evaluation?
The evaluation should include a review of the supplier’s financial stability, quality of
products or services, delivery times, and customer service. It’s important to have a clear
understanding of your needs and expectations before conducting an evaluation.
12. Various risks of using a third party for sourcing decisions in supplychain ? Reduced
customer/supplier contact
Loss of internal capability and growth in third party power Leakage of sensitive data and
information
Ineffective contracts
Loss of supply chain visibility Negative reputational impact
13. Purchase Requisition:-
A purchase requisition is an internal document indicating the desire to purchase goods or
services for the business.
14. Procurement process:-
1- Identifying internal need
2- Researching the market and shortlisting suppliers 3-Issuing RFQ or RFP and
selecting suppliers
4- Negotiating contracts
5- Creating purchase orders
6- Receiving and auditing the ordered items 7-Receiving invoices and making
payments 8-Record keeping
9-Establishing a supplier relationship
1. How would you define last-mile delivery and its significance in the supply chain?
Last-mile delivery is the final stage of a product's journey, where it's delivered directly to
the customer's doorstep. It's crucial because it directly impacts customer satisfaction and
perception of the brand. A smooth and efficient last-mile experience can turn a one-time
buyer into a loyal customer.
2. What are some of the biggest challenges faced in last-mile delivery operations?
Traffic congestion, tight delivery windows, inaccurate addresses, and customer availability
issues are all common challenges. Additionally, ensuring the safe and secure handling of
packages throughout the delivery process is important. As the last interaction in the supply
chain, last-mile delivery can also be impacted by inefficiencies in earlier stages.
3. What are the 4 Pillars of Last Mile Delivery.
Speed, Transparency, Efficiency, Personalised Experience
5. Explain how you would plan an efficient delivery route for multiple stops.
I would prioritize deliveries based on urgency and distance, grouping stops that are
geographically close. Utilizing route optimization software would further streamline the
process by considering factors like traffic patterns and delivery times. Additionally, with
the capabilities of new AI and machine learning technologies like those used in Gemini,
even more efficient routing based on real-time data might be possible in the future.
6. How would you utilize technology like route optimization software to improve delivery times?
Route optimization software helps plan the most efficient route, considering factors like
traffic patterns and delivery windows. It can significantly reduce delivery times and fuel
consumption, leading to a more sustainable delivery process. As AI and machine learning
technologies like those used in Gemini advance, route optimization software could become
even more sophisticated, taking into account even more variables for even greater
efficiency.
7. Describe your experience using a mobile device or scanner for delivery tracking.
I'm comfortable using mobile devices and scanners for delivery tracking. These tools help
me navigate routes, scan packages for confirmation, and provide real-time updates to
customers. They also ensure accurate record-keeping and improve overall delivery
transparency.
8. What would you do if you encountered an unexpected delay during your deliveries?
I would immediately notify my dispatcher and explain the situation. Depending on the
severity of the delay, we could explore rerouting options or contacting customers to adjust
delivery times. Proactive communication with all parties involved is crucial in minimizing
inconvenience.
9. How would you ensure the safe and secure handling of packages throughout the delivery
process?
I would carefully handle packages throughout the delivery process. This includes secure
loading and unloading from the vehicle, avoiding rough handling, and ensuring proper
storage conditions if needed. Following company protocols for fragile or high-value items
is also essential.
10.Are you familiar with any recent innovations or technologies that are improving last-mile
delivery efficiency?
Drone, self-driving vehicles, electric vehicles. Etc
11.Modes of Transportation?
Water, Air, Road, Pipeline, Rail
ARTIFICIAL INTELLIGENCE
4. WHAT IS CRYPTOCURRENCY?
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as
a medium of exchange through a computer network that is not reliant on any central
authority, such as a government or bank, to uphold or maintain it