Find Interview Questions for Ddi

Right Answer:
Deming believed that total quality should be practiced at all levels of an organization, not just by those at the lower levels.

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Deming's statement means that improving quality can lead to lower costs and increased profitability, as better quality reduces waste, rework, and customer complaints, ultimately benefiting the economy of the organization.

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Six Sigma is a data-driven methodology aimed at improving processes by reducing defects and variability. The Six Sigma implementation team typically includes roles such as Six Sigma Champions, Black Belts, Green Belts, and team members from various departments involved in the process improvement.

Right Answer:
True. Benchmarking is the continuous process of measuring products, services, and processes against the best competitors or industry leaders.

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3 Six sigma-based operation

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To create a plan, define project goals, identify tasks, estimate durations, assign resources, and establish a timeline. Resource leveling is the process of adjusting the start and finish dates of tasks to balance resource allocation and avoid overloading. Timesheets in Project Web App (PWA) are created by users logging hours worked on tasks, which can then be submitted for approval. A baseline is a fixed reference point that captures the original project plan, including scope, schedule, and cost, allowing for performance comparison throughout the project.

Right Answer:
The time frame for joining is typically within two to four weeks, depending on the candidate's notice period and company requirements.

Right Answer:
Risk factors during project implementation include:

1. Scope Creep: Uncontrolled changes or continuous growth in project scope.
2. Resource Availability: Lack of necessary resources, including personnel and materials.
3. Budget Overruns: Exceeding the allocated budget due to unforeseen expenses.
4. Time Constraints: Delays in project timelines affecting delivery.
5. Stakeholder Engagement: Lack of support or communication from stakeholders.
6. Technology Issues: Problems with tools or systems used in the project.
7. Regulatory Compliance: Failing to meet legal or industry standards.
8. Team Dynamics: Conflicts or lack of collaboration among team members.
9. Market Changes: Shifts in market conditions affecting project relevance.
10. Risk Management: Inadequate identification and mitigation of potential risks.

Right Answer:
The primary purpose of a procurement management plan is to outline how project procurement will be managed, including the processes for acquiring goods and services, defining roles and responsibilities, and establishing timelines and budgets for procurement activities.

Right Answer:
Yes, a good budget can lead to electoral gains for the party in power by demonstrating effective governance and addressing public needs, while a poorly received budget can negatively impact their chances in elections.

Right Answer:
Banking is the business of accepting deposits, providing loans, and offering financial services to individuals and businesses.

Right Answer:
The Scrap Sales process involves the following steps:

1. **Identification of Scrap**: Scrap materials are identified and categorized for sale.
2. **Valuation**: The scrap is valued based on market rates or internal assessments.
3. **Sales Order Creation**: A sales order is created in the system for the scrap material.
4. **Delivery**: The scrap is delivered to the buyer, and a delivery note is generated.
5. **Invoicing**: An invoice is issued to the buyer for the scrap sold.

**GL Postings during the process**:

1. **When Scrap is Sold**:
- Debit: Cash/Accounts Receivable (for the sale amount)
- Credit: Scrap Revenue (for the income generated from the sale)

2. **When Scrap is Delivered**:
- Debit: Cost of Goods Sold (if applicable, reflecting the cost of the scrap)
- Credit: Inventory (removing the scrap from inventory)

This ensures that

Right Answer:
CCS stands for "Carbon Capture and Storage." It is a technology used to capture carbon dioxide emissions from sources like power plants and store it underground to prevent it from entering the atmosphere.

Right Answer:
Physical inventory involves counting all inventory items at once, usually at the end of a financial period, while cycle counting is a method of counting a subset of inventory on a regular basis throughout the year. Cycle counting is generally considered better because it allows for more frequent accuracy checks, minimizes disruption to operations, and helps identify discrepancies in real-time.

Right Answer:
My sourcing strategy for low-value items would involve consolidating purchases to achieve bulk discounts, using a competitive bidding process to select suppliers, establishing long-term relationships with reliable vendors, and leveraging e-procurement tools to streamline the purchasing process and reduce administrative costs.