Caterpillar Inc Associate Consultant Interview Questions and Answers

Costing in procurement refers to the process of determining the expenses involved in acquiring goods or services.

• Costing helps in identifying the most cost-effective suppliers and negotiating better deals.

• It involves analyzing various cost components such as purchase price, transportation, storage, and handling costs.

• Costing also helps in budgeting and forecasting procurement expenses.

• Examples of costing methods includ...read more

Boiler closed loops are systems that recirculate water to maintain a constant temperature.

• Boiler closed loops are used in heating and cooling systems.

• They involve a pump that circulates water through a closed loop of pipes.

• The water is heated or cooled by the boiler or chiller and then returned to the loop.

• This maintains a constant temperature in the system.

• Examples include radiant heating systems and chilled water sys