Karam Industries Interview Questions and Answers

Purchase Assignment - Comparing PO's

Q1. What is the Basic Rule of Purchase
Ans. 
The basic rule of purchase is to obtain goods or services at the best possible price, quality, and terms to meet the needs of the organization.
• Identify the needs of the organization

• Research and evaluate potential suppliers

• Negotiate prices, terms, and contracts

• Ensure timely delivery and quality of goods/services

• Maintain good relationships with suppliers
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Q2. How mant quotations will you take before evaluating
Ans. 
The number of quotations taken before evaluation depends on the complexity of the purchase and the urgency of the requirement.
• The number of quotations may vary based on the budget allocated for the purchase.

• For routine purchases, 3-5 quotations may be sufficient for evaluation.

• For high-value or complex purchases, more quotations may be required to ensure the best deal.

• Consider factors such as quality, price, delivery t...read more
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Q1. Expectations From the company?
Ans. 
I expect the company to provide a supportive work environment, opportunities for growth, clear communication, and fair compensation.
• Supportive work environment

• Opportunities for growth

• Clear communication

• Fair compensation
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Q2. Expected Compensiation?
Ans. 
Negotiable based on job responsibilities, industry standards, and benefits package.
• Compensation is based on factors such as job responsibilities, industry standards, and benefits package.

• Open to discussing compensation based on the overall package offered.

• Seeking a fair and competitive salary based on market research and experience.

• Flexible on compensation depending on the opportunities for growth and development.
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Q1. What is quality
Ans. 
Quality is the measure of excellence or superiority of a product or service.
• Quality is meeting or exceeding customer expectations.

• It involves consistency, reliability, and conformance to requirements.

• Quality can be measured through metrics such as defect rates, customer satisfaction, and on-time delivery.

• Continuous improvement is essential for maintaining and enhancing quality.

• Examples of quality include a durable smar...read more
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Q2. Gd&t
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Q1. SPC, MSA, statistical process
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Q1. Previous Roles and responsibilities
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Q2. Salary expectation
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