Ag Industries Senior Purchase Executive Interview Questions and Answers

MHR is the rate calculated by dividing the total overhead costs by the total machine hours. Costing norms refer to the standard costs set for different activities.

• MHR is calculated as Total Overhead Costs / Total Machine Hours

• Costing norms are predetermined standards for costs of different activities

• MHR helps in determining the cost of using machines for production

• Costing norms help in setting benchmarks for cost contr

Major defects in plastic parts and their countermeasures

• Major defects in plastic parts include warping, sink marks, flash, and short shots

• Countermeasures for warping include adjusting mold temperature and cooling time

• Sink marks can be reduced by increasing injection pressure and temperature

• Flash can be prevented by optimizing clamping force and using proper mold design

• Short shots can be avoided by ensuring proper mater

Costing of sheet metal and aluminium involves various factors such as material cost, labor cost, tooling cost, and overhead cost.

• Material cost is the cost of raw material used in manufacturing the product.

• Labor cost includes the cost of wages, benefits, and other expenses related to the workforce.

• Tooling cost includes the cost of tools and equipment used in the manufacturing process.

• Overhead cost includes the cost of u...read more

5S is a methodology for organizing a workplace, especially a shared workplace, to improve efficiency and effectiveness by eliminating waste.

• Sort - separate needed tools, parts, and instructions from unneeded materials

• Set in order - neatly arrange and identify parts and tools for ease of use

• Shine - clean and inspect work area and equipment regularly

• Standardize - establish schedules and methods for maintaining the workpl...read more

TPM stands for Total Productive Maintenance, a proactive approach to maintenance that aims to maximize equipment effectiveness.

• TPM involves all employees in the maintenance process

• Focuses on preventing breakdowns and improving overall equipment efficiency

• Includes activities such as cleaning, inspection, lubrication, and training of operators

• Example: Implementing TPM can lead to reduced downtime and increased productivi

The purchase process involves identifying needs, sourcing suppliers, negotiating terms, and making the purchase.

• Identifying needs: Assessing what products or services are required for the organization.

• Sourcing suppliers: Researching and evaluating potential suppliers based on quality, price, and reliability.

• Negotiating terms: Discussing pricing, delivery schedules, and payment terms with suppliers.

• Making the purchase: ...read more

Handle suppliers by building strong relationships, communicating effectively, negotiating terms, and monitoring performance.

• Establish clear communication channels with suppliers

• Negotiate favorable terms and pricing agreements

• Monitor supplier performance and address any issues promptly

• Build strong relationships based on trust and mutual benefit