ITW India Confidential Interview Questions and Answers

Costing in procurement refers to the process of determining the expenses involved in acquiring goods or services.

• Costing helps in identifying the most cost-effective suppliers and negotiating better deals.

• It involves analyzing various cost components such as purchase price, transportation, storage, and handling costs.

• Costing also helps in budgeting and forecasting procurement expenses.

• Examples of costing methods includ...read more