Hanchang India Purchaser Interview Questions and Answers

The current margin earning of the company is 15%.

• The current margin earning is calculated by subtracting the total cost of goods sold from the total revenue, and then dividing by the total revenue.

• For example, if the company's total revenue is $1,000 and the total cost of goods sold is $850, the margin earning would be ($1,000 - $850) / $1,000 = 0.15 or 15%.

To get marketing income from suppliers/ company, negotiate volume discounts, co-marketing opportunities, and exclusivity agreements.

• Negotiate volume discounts based on the quantity of products purchased from the supplier.

• Explore co-marketing opportunities where the supplier contributes to marketing efforts in exchange for increased visibility.

• Consider exclusivity agreements where the supplier agrees to only sell their ...read more

Purchase details of goods involve obtaining quotes, negotiating prices, placing orders, and tracking deliveries.

• Obtain quotes from multiple suppliers to compare prices

• Negotiate prices and terms to get the best deal

• Place orders with approved suppliers

• Track deliveries to ensure timely receipt of goods

• Maintain accurate records of purchases for accounting purposes