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Supply Chain Terminology
Get Learned for the interview
34
Business
Post-Graduate
10/20/2019

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Term
(ROP)
Definition
Re-order Point
Term
(IL)
Definition
Inventory Level
Term
(SDLC)
Definition
Software/Systems Development Life Cycle
Term
Scrum
Definition
An agile work process focusing on working through set intervals called sprints. The goal is to create learning loops to quickly gather and integrate customer feedback. Scrum teams adopt specific roles, create special artifacts, and hold regular ceremonies to keep things moving forward
Term
Agile
Definition
A flexible project development approach that recognizes the volatility of product development and provides a methodology for self-organizing teams to respond to change
Term
Waterfall
Definition
A linear project development approach focusing on defining the scope before taking action and moving sequentially through each step - with specific deliverables - to product delivery
Term
Kanban
Definition
An agile work process focusing on visualizing work, limiting work in progress, and maximizing efficiency(or flow).
Term
(EOQ)
Definition
Economic Order Quantity - the number of units that a company should add to inventory with each order to minimize the total costs of inventory—such as holding costs, order costs, and shortage costs.
Term
ABC Analysis
Definition
An inventory categorization method which consists of dividing items into three categories, A, B and C by item value
Term
(s, Q)
Definition
A policy where items ordered (Q) are placed at a reorder point (s)
Term
Push System
Definition
Production is based on historic data and forecasting - not on current demand (MTS - Make to Stock)
Term
Pull System
Definition
Production is based only on current demand and not using forecasting (MTO - Make to Order)
Term
Push-Pull System
Definition
Production is based both on historic data and forecasting
Term
Safety Stock
Definition
The minimum amount of stock held to provide a desired service level
Term
Lead Time
Definition
The time between the order of a product and the delivery of a product (the latency between the initiation and execution of a process)
Term
What is the most challenging project you managed and why?
Definition
Kali River Rapids - ran out of budget, hopeless project, unknown sensor in the control system, interfacing with IE, on-site staff, controls, and imagineers
Term
Favorite Disney Character?
Definition
Pocahontas, because she prioritizes her community, chooses adventure, and is an overall rockstar.
Term
Define the SDLC process
Definition
SDLC is a framework defining tasks performed at each step in the software development process
Term
How did you apply critical thinking skills to overcome an issue?
Definition
It's convenient to see things as you want to see them vs seeing them as they actually are. My priority is understanding reality as accurately as possible. With the KRR simulation, there was an unknown sensor that seemed to correlate to conveyor speed, we visited the site at 3am to find the undocumented sensor
Term
How do you keep track of production schedules?
Definition
Define Goals → Define milestones → Decide timeframe → Decide visual tracking → Review timeline with all stakeholders
Term
Walk us through how you'd communicate risks to various stakeholders when a project starts to slip.
Definition
It's important to stay calm and level, take responsibility, and assess the situation. Analyze potential alternatives, decide on a Course of Action (COA), implement, monitor, and communicate COA. Ongoing status reports should make a slip less shocking and it's important to always be on top of timelines and budget. Provide transparent communication.
Term
Tell a story about collaborating across teams.
Definition
Running out of shipping foam, distributor's warehouse literally burnt down, contacting accounting and external vendors, talking to customer service, and managers.
Term
How did you use ABC analysis?
Definition
With GLUCK LLC, we classified both our inventory and equipment as the most valuable with the most important service requirements according to the 3 tiers. We would manufacture and distribute a variety of widgets and goods across industries - one of which was laser-cut acrylic for events and weddings. Our top seller was a cake topper that was stated Mutual Weirdness Forever that was essential to our DBA CakeWords and so this was an A inventory to be available asap. Auxillary products such as packaging decor and long tail designs fell into the 50% of inventory bringing in 20% of the profits.
Term
Tell me more about your education and experience
Definition
EE -> Senior Design Project Manager inklings -> Disney Sim & Analysis -> Projects and business; WDI -> Projects; USPS IT and Training; GLUCK LLC international retail doing real life engineering with business systems
Term
Why did you switch from engineering to business?
Definition
Always enjoyed tactile changes and engineering can be micro and I've always loved business and had a swim lessons business in junior high and optimizing systems and seeing that result in sales or process efficiencies is amazing
Term
Tell me about your entertainment industry experience?
Definition
Disney from parks to Imagineering
Term
Tell me about a time you had a difficult guest and how did you handle it.
Definition
Empathize with an apology, seek to understand the situation, provide an alternative within the framework of an escalation chart, act to create a solution
Term
How do you keep yourself updated about technology?
Definition
I often research annual reports from microsoft, dell, berkshire hathaway as well as perusing ieee spectrum for tech.
Term
What is your greatest asset?
Definition
Systems level thinking and focus
Term
What is your greatest weakness?
Definition
Time Management + Work Life Balance - mitigated through structures and personal workflow boards and trying new things like acupuncture and cupping
Term
What are the steps of any SDLC?
Definition
1.) Analysis 2.) Design 3.) Development 4.) Implementation 5.) Testing 6.) Deployment 7.) Maintenance
Term
EOQ Formula
Definition
Q=sqrt(2DS/H)

where:
Q=Units to order
D=Demand in units (typically on an annual basis)
S=Order cost (per purchase order)
H=Holding costs (per unit, per year)
Term
(JIT)
Definition
Just in Time
Term
(SCM)
Definition
Supply Chain Management)
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