Larsen & Toubro Limited Purchase Manager Interview Questions and Answers

Q1. Excavation safety, EHS management, Lifting & Erection safety
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Q1. What are the steps involved in preparing the budget for a project?
Ans. 
Steps involved in preparing a project budget
• Identify all project expenses including labor, materials, equipment, etc.

• Estimate the cost of each expense item based on historical data or quotes from vendors

• Allocate funds for unexpected costs or contingencies

• Determine the timeline for the project and spread out costs accordingly

• Review and finalize the budget with key stakeholders
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Q2. What factors are considered in the costing of projects?
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Factors considered in project costing include materials, labor, overhead, equipment, and indirect costs.
• Materials: Cost of raw materials needed for the project.

• Labor: Cost of labor required to complete the project.

• Overhead: Indirect costs such as utilities, rent, and administrative expenses.

• Equipment: Cost of equipment needed for the project.

• Indirect costs: Miscellaneous costs like permits, insurance, and taxes.

• Example...read more
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Q3. How do you monitor the budget?
Ans. 
I monitor the budget by regularly reviewing expenses, comparing them to projections, and making adjustments as needed.
• Regularly review expenses to ensure they are in line with the budget

• Compare actual expenses to budget projections to identify any discrepancies

• Make adjustments to the budget as needed based on the review and analysis

• Track spending patterns and identify areas where cost savings can be made
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Q4. What are indirect costs?
Ans. 
Indirect costs are expenses that are not directly tied to a specific project or department, but still contribute to overall operational costs.
• Indirect costs are overhead expenses that cannot be easily traced to a specific cost object.

• Examples include rent, utilities, administrative salaries, and office supplies.

• These costs are necessary for the business to function, but are not directly attributable to a specific produ...read more
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Q5. How can cash flow be effectively monitored?
Ans. 
Cash flow can be effectively monitored by tracking income and expenses, creating cash flow statements, setting up cash flow projections, and using accounting software.
• Track income and expenses regularly to understand the flow of cash in and out of the business.

• Create cash flow statements to analyze the sources and uses of cash over a specific period.

• Set up cash flow projections to forecast future cash flow based on exp...read more
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Q1. Can you provide an overview of yourself?
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Q2. What types of industrial relations challenges did you encounter during your service tenure?
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Q3. What is the process for capturing the attendance of staff and workers?
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How to save inventry cost

Q1. All activities in mining & HEMM related questions
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Q1. How do you mining work
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Q1. About previous Planning experience. Planning MIS.
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Q2. Budgeting. Cost Control. Project Monitoring.
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