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IBM
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Procurement process involves identifying needs, sourcing suppliers, negotiating contracts, and managing supplier relationships.
Identifying needs and requirements
Sourcing potential suppliers
Negotiating terms and contracts
Managing supplier relationships
Ensuring compliance with regulations and policies
Evaluation of vendors involves assessing their performance, capabilities, and reliability to ensure they meet the organization's needs.
Assess vendor's track record and reputation
Evaluate vendor's financial stability and resources
Consider vendor's quality of products or services
Assess vendor's responsiveness and communication
Compare vendor's pricing and terms with competitors
Review vendor's compliance with regulations a
I applied via Referral and was interviewed in Apr 2022. There was 1 interview round.
A purchase order is a document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
It is a legal document that outlines the details of a purchase agreement between a buyer and a seller.
It includes information such as the product or service being purchased, the quantity, the agreed-upon price, and delivery date.
It serves as a contract between the buyer and seller, ensu...
A purchase requisition is a document used to request goods or services from a supplier.
It is a formal request for procurement of goods or services.
It includes details such as quantity, description, and estimated cost.
It is typically initiated by a department or individual within an organization.
It is used to obtain approval for the purchase before it is made.
It is an important part of the procurement process.
Example: A...
To validate a PO, check for accuracy, completeness, and compliance with procurement policies.
Verify that the PO number matches the one in the system
Ensure that the vendor information is correct
Check that the items ordered match the specifications and quantities requested
Confirm that the prices are accurate and in line with the budget
Ensure that the PO is authorized and approved by the appropriate personnel
Check that th...
The 5 key fields in PR are supplier management, contract management, sourcing, negotiation, and spend analysis.
Supplier management involves identifying and managing suppliers to ensure timely delivery of goods and services.
Contract management involves creating and managing contracts with suppliers to ensure compliance and minimize risk.
Sourcing involves identifying potential suppliers and evaluating their capabilities ...
PR is created by the PR department or agency, in collaboration with the relevant stakeholders.
PR department or agency is responsible for creating PR
Collaboration with relevant stakeholders is necessary
PR creation involves identifying target audience, crafting key messages, and selecting appropriate channels
PR can be created for various purposes such as brand awareness, crisis management, product launches, etc.
P2P cycle refers to the procurement process from purchase to payment.
The cycle starts with identifying the need for a product or service.
A purchase order is then created and sent to the supplier.
The supplier delivers the product or service and sends an invoice.
The invoice is matched with the purchase order and goods receipt.
If everything matches, the invoice is approved for payment.
Payment is then made to the supplier.
...
I applied via Naukri.com and was interviewed before Sep 2021. There were 3 interview rounds.
Entry level aptitude test
I applied via Walk-in and was interviewed before Sep 2021. There were 4 interview rounds.
Reasoning and English
Just a minute round about favourite movie
I was interviewed before Jun 2016.
Autocorrelation is the correlation of a signal with a delayed copy of itself.
Autocorrelation is used to identify patterns in time series data.
It is a measure of how similar a signal is to a delayed version of itself.
Autocorrelation can be positive, negative, or zero.
It is commonly used in signal processing, finance, and econometrics.
Autocorrelation can be visualized using a correlogram.
Heteroscedasticity is a statistical term that refers to the unequal variance of a variable across different levels of another variable.
It is a violation of the assumption of homoscedasticity in regression analysis.
It can lead to biased and inefficient estimates of regression coefficients.
It can be detected through residual plots or statistical tests such as the Breusch-Pagan test.
Examples include income and expenditure...
Data analysis is affected by various factors that can influence the accuracy and reliability of the results.
Data quality: The accuracy, completeness, and consistency of the data can impact the analysis.
Data sources: The reliability and relevance of the data sources used for analysis can affect the outcomes.
Data preprocessing: The way data is cleaned, transformed, and prepared for analysis can impact the results.
Data in...
I applied via Walk-in and was interviewed before Feb 2020. There were 4 interview rounds.
I applied via Approached by Company and was interviewed in Nov 2018. There were 4 interview rounds.
I applied via Naukri.com and was interviewed before Feb 2020. There were 7 interview rounds.
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