Hero Cycles Senior Manager Purchase Interview Questions and Answers

Q1. Development process
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Q2. Major cost driver in wiring harness
Ans. 
The major cost driver in wiring harness is the cost of raw materials, labor, and complexity of the design.
• Cost of raw materials such as copper wires and connectors

• Labor costs for assembly and installation

• Complexity of the design impacting production time and skill level required

• Volume of production affecting economies of scale
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Q3. Spare part costing
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Q1. About my experience
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Q1. About the company
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Q1. Purchase related questions are there
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Q2. What is sourcing and steps
Ans. 
Sourcing is the process of finding and selecting suppliers to obtain goods and services.
• Identify the need for goods or services

• Research potential suppliers

• Evaluate suppliers based on criteria such as quality, price, and delivery time

• Negotiate contracts and terms with selected suppliers

• Place orders and manage supplier relationships

• Monitor supplier performance and make improvements as necessary
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Any normal aptitude test there

Q1. Salary discussion and negotiation
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Q1. Normal basis quality and drawing related questions
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Q1. About material planning, inventory norms, inventory control, supply chain management, vendor management.
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Q2. What is material planning? How it’s done?
Ans. 
Material planning is the process of determining the materials needed for production and ensuring they are available at the right time.
• Forecasting demand based on historical data and market trends

• Creating a bill of materials (BOM) listing all components needed for production

• Determining order quantities and lead times for materials

• Monitoring inventory levels and reordering materials as needed

• Collaborating with suppliers
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Q3. What is inventory control?How effectively you control inventory?
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Inventory control is the process of managing and overseeing the ordering, storage, and usage of a company's inventory.
• Implementing inventory management software to track stock levels and reorder points

• Regularly conducting physical inventory counts to ensure accuracy

• Analyzing sales data to forecast demand and adjust inventory levels accordingly

• Establishing efficient storage and organization systems to minimize excess in
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Q4. What is SCM? And How you manage it ?
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SCM stands for Supply Chain Management. It involves the planning, coordination, and control of the flow of goods and services from point of origin to point of consumption.
• SCM involves managing the flow of goods, information, and finances across the supply chain.

• It includes activities such as procurement, production, inventory management, logistics, and distribution.

• Effective SCM helps in reducing costs, improving effic...read more
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Q1. Related to work ethics and professional values
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Q1. Work experience related
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Work experience relevant

Q1. Salary and aspirations
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Q1. Casting & forging commodity any questions
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Q2. Q.c related any questions
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Q3. CER ,PR ,RMGP related
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Q4. Quotation related
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Q5. Vendor development related
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