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Pharmaceutical Supply Chain Management or Commercial Department is a core part of pharmaceutical industry. They maintain the inventory up-to-date as per company requirements. Few common interview questions and answers related to supply chain management department are mentioned below –
Q. What is supply chain management?
Supply chain management is the management and planning of all supply chain activities that take place in a business. This can include logistics, sourcing and product development.
Q. What are the main functions of supply chain management department?
– Supply chain management keeps the flow of money, materials, and information
– Sourcing new suppliers and materials
– Supply chain management connects the activities of logistics, purchasing, and operations to ensure that they focus on goals that benefit overall performance
– Co-ordinate with interelated department
– Manage existing resources
Q. What do you mean by LC?
A Letter of Credit (LC) is a document that guarantees the buyer’s payment to the sellers. It is issued by a bank and ensures timely and full payment to the seller. If the buyer is unable to make such a payment, the bank covers the full or the remaining amount on behalf of the buyer.
Q. How can sourcing a new material?
Sourcing of new material should be with a balance between the quality of raw materials and the affordable price.
Q. What is the pre-requirement for selection of a new source of raw material?
– Adequate stability data of raw material
– GMP certificate of the company
– Material safety data sheet (MSDS)
– Trial sample
Q. Which department is interrelated with SCM?
– R&D
– Material management or warehouse
– Production
– Quality control
Q. What do you mean by negotiation?
A negotiation is a strategic discussion that resolves an issue in a way that both parties find acceptable results.
Q. What is SKU Number?
SKU number is a unique code used to identify particular line items. Where SKU means ‘Stock Keeping Unit’.
Q. What are the 4 methods of communication?
– Verbal Communication
– Nonverbal Communication
– Written Communication
– Visual Communication
