10+ Reliance Trends Interview Questions and Answers

Yes, I have knowledge of ERP and have used it in my previous job.

• I have worked with SAP ERP system in my previous job

• I have experience in managing inventory, procurement and production using ERP

• I have also used ERP for financial management and reporting

• I am familiar with the basic modules of ERP such as HR, CRM, and SCM

Bill of materials is a comprehensive list of all the materials, components, and sub-assemblies required to manufacture a product.

• It includes the quantity and cost of each item.

• It helps in estimating the total cost of production.

• It is used in inventory management and procurement.

• It is also known as BOM.

• Example: A BOM for a car would include engine, tires, seats, etc.

Procure to pay is the process of acquiring goods or services from a vendor and paying for them.

• It involves identifying the need for a product or service

• Sourcing potential vendors

• Negotiating contracts and pricing

• Creating purchase orders

• Receiving and inspecting goods or services

• Approving invoices for payment

• Issuing payment to the vendor

• Examples include ordering office supplies, hiring a contractor for a project, or purchasing raw materials for manufacturing

Order management is the process of receiving, processing, and fulfilling customer orders.

• It involves tracking orders from start to finish

• It includes inventory management and shipping logistics

• It ensures timely delivery and customer satisfaction

• Examples include online shopping platforms and supply chain management systems

Purchasing terms refer to the conditions and agreements set between a buyer and a seller for the procurement of goods or services.

• Purchasing terms can include payment terms, delivery terms, quality standards, and return policies.

• Common purchasing terms include FOB (Free on Board), CIF (Cost, Insurance, and Freight), and DDP (Delivered Duty Paid).

• Negotiating favorable purchasing terms can help optimize costs and ensure smooth supply chain operations.

Incoterms are international commercial terms that define the responsibilities of buyers and sellers in international trade.

• Incoterms specify who is responsible for the cost of transportation, insurance, and customs duties

• Examples of incoterms include FOB (Free on Board), CIF (Cost, Insurance, and Freight), and EXW (Ex Works)

• Incoterms help avoid misunderstandings and disputes by clearly outlining each party's obligations