RVS College Of Arts And Science Interview Questions and Answers

Marketing in a hospital chain like Apollo is more traditional and established, while a healthcare diagnostic startup requires more innovative and agile marketing strategies.

• Hospital chains like Apollo have an established brand and reputation, so marketing efforts focus on maintaining and enhancing that image.

• Healthcare diagnostic startups, on the other hand, need to build brand awareness and establish themselves in the market.

• Marketing strategies for startups may include digi...read more

The world faces challenges in economic recovery, mental health, and climate change after COVID.

• Economic recovery: Many businesses have suffered losses and unemployment rates have risen. Governments need to implement policies to revive the economy.

• Mental health: The pandemic has caused stress, anxiety, and depression among people. Governments and organizations need to provide mental health support.

• Climate change: The pandemic has shown the impact of human activities on the env...read more

P2P (Procure-to-Pay) is the process of managing the entire procurement lifecycle, from requisition to payment.

• The process starts with a requisition being raised by the requester.

• The requisition is then reviewed and approved by the appropriate authority.

• Once approved, a purchase order is created and sent to the supplier.

• The supplier delivers the goods or services as per the purchase order.

• Upon receipt, the goods or services are inspected and verified for quality and quantity.

• A...read more

Vendor management is the process of overseeing relationships with suppliers to ensure the timely delivery of goods and services.

• Vendor management involves selecting and evaluating vendors based on their capabilities, pricing, and reliability.

• It includes negotiating contracts and terms with vendors to ensure favorable terms for the organization.

• Monitoring vendor performance and addressing any issues or concerns that may arise.

• Maintaining regular communication with vendors to e...read more

The vendor selection process involves evaluating various factors such as price, quality, reliability, and past performance.

• Consider the vendor's pricing structure and negotiate for the best deal

• Assess the quality of the vendor's products or services through samples or previous work

• Evaluate the vendor's reliability in terms of meeting deadlines and fulfilling orders

• Review the vendor's past performance by checking references or conducting background checks

• Consider the vendor's ...read more

Cost analysis is the process of evaluating and comparing the costs of different options to make informed decisions.

• Cost analysis involves examining the expenses associated with a particular project, product, or service.

• It helps in identifying cost drivers and understanding the factors that contribute to the overall cost.

• By analyzing costs, organizations can determine the most cost-effective solutions and optimize their procurement strategies.

• Cost analysis techniques include c...read more

The current project architecture is a microservices-based architecture.

• The project is divided into multiple small, independent services.

• Each service is responsible for a specific functionality.

• Services communicate with each other through APIs or message queues.

• The architecture allows for scalability, fault tolerance, and easier maintenance.

• Example: The project uses Docker containers for each service.