Bharat Wire Ropes Interview Questions and Answers for Experienced

Q1. Tell me about your self?
Add your answer
Q2. What work you doing in your current company?
Add your answer
Q3. Haw many years experience do you have?
Add your answer

Q1. Tell me about your self?
Add your answer
Q2. What is your job responsibilities?
Add your answer

Q1. Experience on Purchase ?
Add your answer
Q2. Procurement strategy and Negotiation ?
Add your answer
Q3. Last Company material purchase strategy ?
Ans. 
The last company's material purchase strategy involved optimizing procurement processes, leveraging supplier relationships, and implementing cost-saving measures.
• Implemented a centralized procurement system to streamline purchasing activities

• Negotiated long-term contracts with key suppliers to ensure stable pricing and availability

• Conducted regular supplier evaluations to assess performance and identify areas for impro...read more
Answered by AI
Add your answer

Q1. Question About procurement?
Add your answer
Q2. How to Negotiate with Vendor in terms of Evolution.
Ans. 
Negotiating with vendors involves effective communication, research, and finding mutually beneficial solutions.
• Prepare by researching market prices and vendor alternatives.

• Clearly communicate your requirements and expectations.

• Listen to the vendor's perspective and understand their constraints.

• Explore options for cost reduction, bulk discounts, or value-added services.

• Consider long-term partnerships and loyalty program...read more
Answered by AI
Add your answer
Q3. How to calculate material actual price
Ans. 
Material actual price can be calculated by considering the cost of raw materials, production expenses, and overhead costs.
• Calculate the cost of raw materials used in production

• Include production expenses such as labor, utilities, and equipment costs

• Factor in overhead costs like rent, insurance, and administrative expenses

• Sum up all these costs to determine the material actual price
Answered by AI
Add your answer
Q4. Negotiation on white basis?
Add your answer
Q5. How to find what item you purchased right material?
Ans. 
To find the right material for a purchase, conduct thorough research, analyze specifications, compare prices and quality, and seek recommendations.
• Research different suppliers and manufacturers to identify the available materials.

• Analyze the specifications of each material to ensure it meets the required standards and criteria.

• Compare prices and quality of the materials from different sources to make an informed decisi...read more
Answered by AI
Add your answer
Q6. How to find shortage ?
Ans. 
To find shortage, analyze inventory levels, track demand, and monitor supply chain.
• Analyze inventory levels regularly to identify any shortages.

• Track demand patterns and forecast future demand to anticipate shortages.

• Monitor the supply chain for any disruptions or delays that may lead to shortages.

• Maintain good communication with suppliers to ensure timely delivery of goods.

• Implement effective inventory management tech...read more
Answered by AI
Add your answer
Q7. New vendor development?
Ans. 
New vendor development involves identifying, evaluating, and onboarding suppliers to enhance procurement efficiency and quality.
• Conduct market research to identify potential vendors based on quality, price, and reliability.

• Evaluate vendors through a rigorous selection process, including site visits and audits.

• Establish clear criteria for vendor performance, such as delivery times and product quality.

• Build relationships...read more
Answered by AI
Add your answer

Q1. Procurement strategy and Negotiation?
Add your answer
Q2. How to get right item.
Ans. 
To get the right item as a Purchase Manager, one must consider factors such as quality, price, supplier reliability, and specific requirements.
• Define the specific requirements and specifications of the item needed

• Research and identify potential suppliers or vendors

• Evaluate the quality and reliability of the suppliers

• Compare prices and negotiate for the best deal

• Consider factors like delivery time, after-sales support, ...read more
Answered by AI
Add your answer

Q1. Discussion on Salary and Notice period
Add your answer
Q2. Family Background
Add your answer

Q1. Basic information questions and experience related
Add your answer

Q1. Tell me about your self.
Add your answer
Q2. What type of Procurement experience?
Ans. 
I have extensive experience in strategic sourcing, supplier relationship management, contract negotiation, and cost reduction initiatives.
• Strategic sourcing to identify cost-saving opportunities

• Supplier relationship management to ensure timely delivery and quality products

• Contract negotiation to secure favorable terms and conditions

• Cost reduction initiatives to optimize procurement processes

• Experience in implementing e...read more
Answered by AI
Add your answer

Procurement journey and procurement experience

Q1. Purchase execution
Add your answer