Glen Appliances Quality Control Incharge Interview Questions and Answers

Fixed assets are long-term tangible assets used in business operations, providing value over time.

• Fixed assets include property, plant, and equipment (PP&E) such as buildings, machinery, and vehicles.

• They are recorded on the balance sheet at their historical cost, minus accumulated depreciation.

• Examples include a company's office building, manufacturing equipment, and delivery trucks.

• Fixed assets are essential for ...read more

Leases are contractual agreements allowing one party to use another's asset for a specified time in exchange for payment.

• Types of leases: Operating leases (e.g., renting office space) and finance leases (e.g., leasing equipment with an option to buy).

• Key components: Lease term, payment schedule, maintenance responsibilities, and termination clauses.

• Leases can impact financial statements: Operating leases may not appear...read more

Process KPIs are key performance indicators that measure the effectiveness and efficiency of a process.

• Process KPIs help identify areas for improvement and monitor progress towards goals.

• Examples of process KPIs include cycle time, error rate, customer satisfaction, and productivity.

• Process KPIs should be specific, measurable, achievable, relevant, and time-bound (SMART).

• Regularly tracking and analyzing process KPIs ca...read more

Developing a training plan for lateral hires involves assessing skills, defining objectives, and creating tailored learning paths.

• Conduct a skills assessment to identify gaps and strengths of lateral hires.

• Define clear training objectives aligned with team goals, e.g., improving project management skills.

• Create a structured onboarding program that includes company culture and processes.

• Incorporate mentorship opportunit...read more

Supply chain is the process of managing the flow of goods and services from the point of origin to the point of consumption.

• Inward and outward logistics

• Inventory management

• Transportation

• SAP codes and movement types

• Supplier and vendor management

• Demand planning and forecasting