M.P. State Electronics Development Corporation Senior Business Data Analyst Interview Questions and Answers

A purchase order is a document issued by a buyer to a seller, indicating the types, quantities, and agreed prices for products or services.

• It is a formal request to purchase goods or services

• It includes details such as item descriptions, quantities, prices, and delivery dates

• It serves as a legally binding contract between the buyer and seller

• It helps in tracking and managing inventory and expenses

• Example: A company sen...read more

The purchase to payment cycle refers to the process of purchasing goods or services and making the corresponding payment.

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

• The next step is to create a purchase order and send it to the supplier.

• Upon receiving the goods or services, the invoice is generated.

• The invoice is then matched with the purchase order and goods receipt.

• Once the invoice is approved, the p...read more

Subcontracting is the practice of hiring another company or individual to perform specific tasks or services on behalf of the main contractor.

• Subcontracting involves outsourcing certain tasks or services to a third party.

• The subcontractor is responsible for completing the assigned work according to the terms of the contract.

• Subcontracting can be used in various industries, such as construction, manufacturing, and IT.

• Ex...read more