Digit Insurance Deputy Manager Interview Questions and Answers

Q1. Manageing of peoples
Ans. 
Managing people involves effective communication, delegation, motivation, and conflict resolution.
• Effective communication is key to understanding team members' needs and expectations.

• Delegation of tasks based on individual strengths and skills can improve efficiency.

• Motivating employees through recognition, rewards, and career development opportunities.

• Resolving conflicts promptly and fairly to maintain a positive work...read more
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Q1. Asked for salary and previous experience
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Q1. How you Procure/Negotiate.
Ans. 
I procure/negotiate by conducting market research, building relationships with suppliers, and leveraging my negotiation skills.
• Conduct thorough market research to understand pricing and supplier options

• Build strong relationships with suppliers to establish trust and open communication

• Utilize negotiation skills to secure favorable terms and pricing

• Seek out multiple quotes and compare offers to ensure best value

• Stay upda...read more
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Q2. What required for RFQ's and Negotiations
Ans. 
RFQ's and negotiations require strong communication skills, market knowledge, and the ability to analyze data.
• Strong communication skills are essential for effectively communicating with suppliers and stakeholders.

• Market knowledge is necessary to understand pricing trends and industry standards.

• The ability to analyze data is crucial for evaluating supplier proposals and making informed decisions.

• Negotiation skills are ...read more
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Q1. Tell me About yourself
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Q1. Manageing of peoples
Ans. 
Managing people involves effective communication, delegation, motivation, and conflict resolution.
• Effective communication is key to understanding team members' needs and expectations.

• Delegation of tasks based on individual strengths and skills can improve efficiency.

• Motivating employees through recognition, rewards, and career development opportunities.

• Resolving conflicts promptly and fairly to maintain a positive work...read more
Answered by AI
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Q1. Asked for salary and previous experience
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Q1. Tell me about yourself ? Work experiences? Knowledge on MRO items? Vendor Development?
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Q2. Share achievement’s , strength and weakness of the candidate
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Q1. What are your strengths and weaknesses?
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Q2. Why are you looking for a change?
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Q3. What is your family background?
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Q4. Share details of your previous job.
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Q5. Tell me about yourself.
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Q1. Diffferent types of Incoterms, Soucing strategies, SRM, concept of vendor consolidation.
Ans. 
Answering questions related to Incoterms, sourcing strategies, SRM, and vendor consolidation for Deputy Manager position.
• Incoterms are a set of rules defining the responsibilities of buyers and sellers in international trade.

• Sourcing strategies involve identifying potential suppliers, negotiating contracts, and managing relationships.

• SRM (Supplier Relationship Management) is the process of managing interactions with su...read more
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Developing of a vendor for a new requirement on urgent basis.

Q1. What are your salary expectations?
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Q2. Why are you looking for a change?
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Q3. Share details of your previous job.
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Q1. Sourcing related
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