Find Interview Questions for Material flow

Right Answer:
Normal terms and conditions in an agreement with a supplier typically include:

1. **Scope of Work**: Description of goods/services provided.
2. **Pricing and Payment Terms**: Cost, payment schedule, and methods.
3. **Delivery Terms**: Delivery dates, locations, and responsibilities.
4. **Quality Standards**: Specifications and quality requirements.
5. **Warranties and Guarantees**: Assurance of product/service quality.
6. **Confidentiality**: Protection of sensitive information.
7. **Termination Clause**: Conditions under which the agreement can be ended.
8. **Liability and Indemnification**: Responsibilities for damages or losses.
9. **Dispute Resolution**: Process for resolving conflicts.
10. **Compliance with Laws**: Adherence to relevant laws and regulations.

Right Answer:
Enterprise Resource Planning

Right Answer:
The demand planning process I handle involves several key steps:

1. **Data Collection**: Gather historical sales data, market trends, and customer insights.
2. **Forecasting**: Use statistical methods and tools to predict future demand based on the collected data.
3. **Collaboration**: Work with sales, marketing, and production teams to align forecasts with business strategies.
4. **Review and Adjust**: Regularly review forecasts against actual sales and adjust plans as necessary.
5. **Implementation**: Communicate the demand plan to relevant stakeholders to ensure alignment in inventory and production planning.
6. **Monitoring**: Continuously monitor demand patterns and market changes to refine future forecasts.