ISMT Executive Interview Questions and Answers

Procurement steps involve identifying needs, selecting suppliers, negotiating contracts, and managing supplier relationships.

• Identify needs and requirements

• Research potential suppliers

• Request for proposals or quotes

• Negotiate terms and pricing

• Select supplier

• Create and sign contracts

• Manage supplier relationships

Reverse auction is a type of auction in which sellers compete to obtain business from a buyer by offering lower prices.

• Buyers post their requirements and sellers bid with lower prices to win the business.

• The seller with the lowest bid at the end of the auction wins the contract.

• Reverse auctions are commonly used in procurement processes to drive down prices.

• Examples include online platforms like Ariba and Procurify.

I have handled categories such as marketing, sales, operations, and finance in my previous roles.

• Marketing

• Sales

• Operations

• Finance

Handling loss of RMHS materials involves proper inventory management, tracking systems, and security measures.

• Implement a robust inventory management system to track all RMHS materials

• Regularly conduct audits to ensure accuracy of inventory records

• Utilize security measures such as surveillance cameras, access control systems, and restricted access areas

• Train staff on proper handling and storage procedures to prevent lo...read more

Design steps refer to the process of creating a plan or blueprint for a product or system.

• Identifying the problem or need

• Researching and gathering information

• Brainstorming and generating ideas

• Creating sketches or prototypes

• Testing and evaluating the design

• Refining and finalizing the design

• Implementing and producing the final product

I will analyze the process flow, identify repetitive tasks, and implement automation tools to streamline the process.

• Analyze the current process flow

• Identify repetitive tasks that can be automated

• Select appropriate automation tools

• Implement automation tools and test thoroughly

• Monitor and optimize the automated process