Interview Questions

Just-in-time,or lean manufacturing, is a production management philosophy built around the continuous reduction of waste. It is suited for businesses where production efficiency is key. Anything that interferes with productivity is waste and,therefore, the enemy under JIT systems. Techniques that support JIT philosophy include reducing inbound inventory by creating supplier delivery schedules, minimizing outbound stock with customer delivery schedules and constant work in-house reducing scrap material and wasted man-hours. These techniques improve cash flow and maximize sales margins.

- The merchant submits a credit card transaction to the Payment Gateway on behalf of a customer via secure connection from a Web site, at retail, from a MOTO center or a wireless device. 

- Payment Gateway receives the secure transaction information and passes it via a secure connection to the Merchant Bank’s Processor. 

- The Merchant Bank’s Processor submits the transaction to the Credit Card Interchange (a network of financial entities that communicate to manage the processing, clearing, and settlement of credit card transactions). 

- The Credit Card Interchange routes the transaction to the customer’s Credit Card Issuer. 

- The Credit Card Issuer approves or declines the transaction based on the customer’s available funds and passes the transaction results, and if approved, the appropriate funds, back through the Credit Card Interchange. 

- The Credit Card Interchange relays the transaction results to the Merchant Bank’s Processor. 

- The Merchant Bank’s Processor relays the transaction results to Payment Gateway. 

- Payment Gateway stores the transaction results and sends them to the customer and/or the merchant. This communication process averages three seconds or less. 

- The Credit Card Interchange passes the appropriate funds for the transaction to the Merchant’s Bank, which then deposits funds into the merchant’s bank account. The funds are typically deposited into your primary bank account within two to four business days.

There are number of technical reasons numbers of companies are planning to implement SAP. It’s highly configurable, highly secure data handling, min data redundancy, max data consistency, you can capitalize on economics of sales like purchasing, tight integration-cross function.

Today, internet plays a pivotal role in both B2B and B2C space. Internet advertising helps the company to reach a large target audience in a small budget and also is easily measurable. It’s highly effective in creating and increasing brand awareness on a whole for any product/service.

The following are the various ways to measure the effectiveness of online advertising:

•      Downloading of brochures/contact forms


•      Completing a transaction on Shopping cart section of the website


•      Subscription to newsletter/webinars


•      Online enquiry about the product/service through company’s email address


•      Google analytics


•      Web analytics  

I have had many disappointments, like the majority of the  people have, but I agree that we can learn from all the experiences we have got in life  and that the accomplishments, as well as the disappointments, make us better and stronger able to deal with many distinctive  situations.