i
IBM
Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards
Filter interviews by
Clear (1)
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.
...
Visio is a diagramming tool used to create flowcharts, diagrams, and other visual representations of data.
Start by selecting a template or creating a new document
Drag and drop shapes onto the canvas and connect them with lines or arrows
Add text, images, and other elements to enhance the diagram
Use the formatting tools to customize the appearance of the diagram
Save and export the diagram in various formats such as PDF o
I applied via Campus Placement and was interviewed before Oct 2021. There were 2 interview rounds.
Derivatives are financial contracts that derive their value from an underlying asset or security.
Derivatives can be used for hedging or speculation.
Examples include futures, options, swaps, and forwards.
Derivatives can be traded on exchanges or over-the-counter.
Derivatives can be complex and carry significant risk.
Derivatives played a role in the 2008 financial crisis.
Derivatives are financial instruments whose value is derived from an underlying asset or security.
Futures contracts
Options contracts
Swaps
Forwards contracts
Credit derivatives
Interest rate derivatives
Currency derivatives
Commodity derivatives
I applied via Campus Placement and was interviewed in May 2021. There was 1 interview round.
The orbit of a planet is an ellipse with the sun at one of the foci.
An ellipse is a closed curve with two foci.
The sun is located at one of the foci of a planet's elliptical orbit.
The shape of the orbit affects the planet's distance from the sun over time.
Kepler's laws of planetary motion describe the elliptical nature of orbits.
based on 1 interview
Interview experience
based on 8 reviews
Rating in categories
Application Developer
11.8k
salaries
| ₹0 L/yr - ₹0 L/yr |
Software Engineer
5.5k
salaries
| ₹0 L/yr - ₹0 L/yr |
Advisory System Analyst
5.2k
salaries
| ₹0 L/yr - ₹0 L/yr |
Senior Software Engineer
4.8k
salaries
| ₹0 L/yr - ₹0 L/yr |
Senior Systems Engineer
4.5k
salaries
| ₹0 L/yr - ₹0 L/yr |
Oracle
TCS
Cognizant
Accenture