Indi Pharma Procurement Engineer Interview Questions and Answers

My strategy for new vendor development involves thorough research, evaluation, and collaboration.

• Identify the need for a new vendor and set clear criteria for selection

• Conduct market research to identify potential vendors and evaluate their capabilities

• Engage with potential vendors to understand their offerings and negotiate terms

• Collaborate with cross-functional teams to ensure vendor alignment with company goals

• Estab...read more

To estimate the cost of a product, various factors such as materials, labor, overheads, and profit margin need to be considered.

• Identify the materials required for the product

• Determine the cost of materials

• Calculate the labor cost involved in manufacturing the product

• Consider overhead costs such as rent, utilities, and equipment

• Add a profit margin to the total cost

• Compare the estimated cost with market prices to ensure