Find Interview Questions for GSFC

Right Answer:
The complete supply chain cycle includes the following steps:

1. **Business Planning**: Define overall business goals, demand forecasts, and inventory strategies.
2. **Demand Planning**: Analyze market trends and customer needs to create accurate demand forecasts.
3. **Procurement**: Source raw materials and components based on demand forecasts. This can vary for Make-to-Order (MTO) and Make-to-Stock (MTS):
- **MTO**: Procure materials only after receiving customer orders.
- **MTS**: Procure materials in advance to maintain stock for anticipated demand.
4. **Production Planning**: Schedule and plan production activities based on demand and inventory levels.
5. **Manufacturing**: Produce goods according to the production plan, ensuring quality and efficiency.
6. **Inventory Management**: Monitor and manage inventory levels to balance supply with demand, minimizing excess stock or shortages.
7. **Distribution**: Plan and execute the transportation of finished goods to warehouses

Right Answer:
The vendor rating process involves evaluating and scoring suppliers based on specific criteria such as quality, delivery performance, pricing, and service. This typically includes the following steps:

1. **Define Criteria**: Establish the metrics for evaluation (e.g., quality, delivery time, cost, responsiveness).
2. **Data Collection**: Gather data on vendor performance through reports, feedback, and audits.
3. **Scoring**: Assign scores to vendors based on their performance against the defined criteria.
4. **Analysis**: Analyze the scores to identify strengths and weaknesses of each vendor.
5. **Feedback**: Provide feedback to vendors regarding their performance.
6. **Action Plan**: Develop improvement plans for underperforming vendors and recognize top performers.
7. **Review and Update**: Regularly review and update the rating process to ensure it remains relevant and effective.

Right Answer:
Insurance items are products or assets that are covered by an insurance policy to protect against loss, damage, or liability.

Right Answer:
I have handled multiple profiles by taking on diverse roles and responsibilities within logistics and supply chain management, allowing me to gain experience in various aspects of the field.

Right Answer:
The risks in procurement include supplier reliability, price volatility, quality issues, compliance risks, and geopolitical factors. To minimize these risks, you can:

1. Conduct thorough supplier evaluations and audits.
2. Diversify your supplier base to avoid dependency.
3. Establish clear contracts with defined terms and conditions.
4. Monitor market trends and price fluctuations.
5. Implement quality control measures and regular inspections.
6. Stay informed about regulatory changes and compliance requirements.
7. Build strong relationships with suppliers for better communication and collaboration.