Goodyear Purchase Executive Interview Questions and Answers

Salvage is the process of recovering value from waste or damaged products. Revenue can be generated from scrap by selling it to recycling companies or using it for other purposes.

• Salvage involves identifying and extracting usable materials from waste or damaged products.

• Revenue can be generated from scrap by selling it to recycling companies or using it for other purposes such as repurposing it for new products.

• Example...read more

Rejected material is sent back to the supplier for replacement or refund.

• Rejected material is documented with details of the rejection reason.

• The supplier is informed about the rejection and asked for replacement or refund.

• The rejected material is returned to the supplier for further action.

• If necessary, a new purchase order is created for replacement material.

5S is a method for organizing a workplace for efficiency and effectiveness. FIFO stands for First In, First Out, a method of inventory management.

• 5S involves Sort, Set in order, Shine, Standardize, and Sustain to create a clean and organized work environment.

• FIFO ensures that the oldest inventory items are used or sold first, reducing waste and spoilage.

• Example of 5S: Sorting out unnecessary items in a store, arranging...read more

LS24 is the T-code for changing BIN location in SAP WM module.

• T-code LS24 is used to change the storage bin location in SAP WM module.

• This transaction allows users to easily update the storage bin location for materials in the warehouse.

• Users can input the material number, plant, and storage bin details to make the necessary changes.

• LS24 provides a user-friendly interface for managing bin locations efficiently.

Movement for changing storage location or shifting involves relocating items to a different area within a store or warehouse.

• Organizing inventory in a more efficient manner

• Updating records to reflect new storage locations

• Physically moving items to their new designated areas

• Ensuring proper labeling and tracking of relocated items

The process involves receiving materials, inspecting them, recording details, updating inventory, and generating a Goods Receipt Note (GRN).

• Receive materials from suppliers

• Inspect materials for quality and quantity

• Record details of received materials

• Update inventory system with new stock

• Generate Goods Receipt Note (GRN) to confirm receipt