Jindal Soft Italia Seating Purchase/Vendor Development Manager Interview Questions and Answers

P2P cycle in Purchase refers to Procure-to-Pay cycle which involves the entire process of purchasing goods or services.

• The cycle starts with identifying the need for a product or service.

• Then, a purchase requisition is created and approved.

• Next, a purchase order is generated and sent to the vendor.

• Goods or services are received and inspected.

• Invoice is received and matched with the purchase order and goods receipt.

• Paym...read more

Developing new vendors involves identifying potential suppliers, evaluating their capabilities, negotiating contracts, and building strong relationships.

• Conduct market research to identify potential vendors

• Evaluate vendor capabilities and quality standards

• Negotiate contracts and pricing terms

• Establish clear communication channels and expectations

• Monitor vendor performance and provide feedback

• Build strong relationships