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re: Interview question

Posted on 10/12/12 at 12:20 am to
Posted by tylercsbn9
Cypress, TX
Member since Feb 2004
65876 posts
Posted on 10/12/12 at 12:20 am to
Just try and find some sort of example where you went against the status quo.

This will probably make no sense to you, but I work in the supply chain industry.

I would answer as follows......

"At my company we typically applied a standard buffer of two weeks onto our products. This started to become a problem because we began to accrue inventory levels that were too high. We couldn't just cut all our buffer because we have various families that have very volatile demand. One month they will see 100 units, the next they will sell 5000. So we had to be creative in how we began to buffer our products. I looked at forecast accuracy on various families as well as demand standard deviations by month and came up with differential buffer levels by product family. Within 6 months we cut our inventory excess inventory in half from $300 million to $150 million."
Posted by Chris4x4gill2
North Alabama
Member since Nov 2008
3092 posts
Posted on 10/12/12 at 6:37 am to
Think of any area where you had to apply critical thinking to a problem to come up with a solution that is not necassarily lock step with the normal procedure. Even if its not a CPA related problem, if you can show them how you worked a non-standard solution. (although I would think a CPA related answer would be better)
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