Radico NV Distilleries Maharashtra Interview Questions and Answers

Incorerm is not a known term in supply chain management.

Supplier rating is the process of evaluating and ranking suppliers based on their performance and capabilities.

• Supplier rating involves assessing various factors such as quality, delivery, cost, and responsiveness.

• The ratings are typically based on a numerical or letter scale, with higher scores indicating better performance.

• Supplier ratings can help organizations identify areas for improvement and make informed decisions about which suppliers to work with.

• Considerations in s...read more

Schedules are communicated to suppliers through a combination of electronic communication and regular meetings.

• Use electronic communication tools such as email and online portals to share schedules with suppliers.

• Hold regular meetings with suppliers to discuss upcoming schedules and any changes that may need to be made.

• Ensure that schedules are clear and detailed, including information on quantities, delivery dates, and any special requirements.

• Work closely with suppliers to ...read more

Import and export procedures involve various steps and documentation requirements.

• Obtain necessary licenses and permits

• Arrange for transportation and logistics

• Prepare and submit required documentation such as invoices, packing lists, and customs declarations

• Comply with customs regulations and pay applicable duties and taxes

• Ensure compliance with international trade laws and regulations

• Examples of documents required for import/export include bill of lading, commercial invoice,...read more

I establish strong communication channels and build trust through regular meetings and visits to ensure timely delivery and quality products.

• Establish clear communication channels

• Build trust through regular meetings and visits

• Ensure timely delivery and quality products

• Understand cultural differences and adapt accordingly

• Negotiate favorable terms and conditions

• Maintain a good relationship even during disputes

Procurement can be done through a strategic process of identifying needs, selecting suppliers, negotiating contracts, and managing relationships.

• Identify the goods or services needed

• Research and select potential suppliers

• Negotiate terms and conditions with chosen suppliers

• Create and sign a contract with the supplier

• Manage the relationship with the supplier to ensure quality and timely delivery

• Monitor and evaluate supplier performance

• Continuously improve the procurement proces...read more

Supplier audit involves evaluating supplier performance and compliance with established standards.

• Define audit criteria and standards

• Conduct on-site visits and inspections

• Review supplier documentation and records

• Assess supplier performance and identify areas for improvement

• Develop corrective action plans and monitor progress

• Maintain open communication with suppliers

• Ensure compliance with legal and ethical standards

• Use technology to streamline audit process