Story
Internal audit action is overdue
Internal auditors pointed out many deficiencies in a logistics audit. Management recommended 3PL replacement to the board audit committee.
A new SCM professional was hired to replace the existing head, who felt the heat and had resigned.
Functional GM gave the mandate to the new manager to improve the situation in next ninety days. Stock inaccuracy, delayed orders, wrong delivery were some of the main issues.
Over the next few weeks, the new manager shared the action plan and also got the buy in for change of warehouse premises, as this was the biggest problem which needed to be attacked.
After shifting to the new premises and other changes, the logistics performance improved. In four months, the new manager was able to earn his medals from functional GM, CFO and CEO.
The logistics problem was solved but audit closure action - 3PL change was still open. The commitment made to the board was yet to be completed.
How will you respond to the board audit committee on the open audit action point?
Share on
Similar Stories
Previous Ten
A small fire in the factory
A couple of years back, there was a small fire in...
Which number will you bet on?
In our childhood, most of us have played and...
Do you know the magic formula to create luck?
An experimenter recruited four hundred people and...
What will you do as a parent?
Every parent wants his child to be a successful...
Last minute penalty demand by customer
The CEO of a construction company is in...
Let us play a war game
Let us play the battlefield game. Are you ready?...
Election campaign is ready
Three million copies of presidential candidate's...
Let us make a deal
You have been invited to a TV game show - "Make a...
Which shares will you sell?
A couple of months back, you invested some money...
I lost the movie ticket
You have gone to watch a movie, in your...
The interview is a game and practice can boost the performance
Taking time to think and writing an answer to the interview question will help you prepare the script. Writing a response sharpens your thought process and gives an opportunity to review the response and make improvement to the script. You don’t need to memorize the answer.
Thinking through, writing and reviewing the response to the interview questions increases preparedness, boosts the confidence and reduces anxiety. It builds up a repertoire of stories for easy retrieval and you can now focus on delivery during the actual interview. Your confidence spirals upwards with each answer and increases the chances of a better outcome.
Prepare well before the interview. Know the common interview questions. Learn the dos and don’ts. Write, practice and improve your specific response either by yourself or by feedback from a family member or a colleague or a teacher. You will gain mastery through practice.
As they say, if you want to be good at something, then you must practice to learn, and grow.
Sign In to share your comments
Your Comments