Minda Katolec Electronics Services Senior Purchase Executive Interview Questions and Answers

The major cost driver in wiring harness is the cost of raw materials, labor, and complexity of the design.

• Cost of raw materials such as copper wires and connectors

• Labor costs for assembly and installation

• Complexity of the design impacting production time and skill level required

• Volume of production affecting economies of scale

Small, picturesque village nestled in the rolling hills of the countryside.

• Located in the southwest region of the country

• Population of approximately 500 residents

• Known for its annual harvest festival

• Surrounded by lush forests and meadows

My final year project involved calculating optimal inventory levels using various forecasting methods.

• Used quantitative methods to analyze historical data and predict future demand

• Implemented inventory management software to track stock levels and reorder points

• Evaluated the effectiveness of different forecasting techniques through statistical analysis

Material planning is the process of determining the materials needed for production and ensuring they are available at the right time.

• Forecasting demand based on historical data and market trends

• Creating a bill of materials (BOM) listing all components needed for production

• Determining order quantities and lead times for materials

• Monitoring inventory levels and reordering materials as needed

• Collaborating with suppliers

Inventory control is the process of managing and overseeing the ordering, storage, and usage of a company's inventory.

• Implementing inventory management software to track stock levels and reorder points

• Regularly conducting physical inventory counts to ensure accuracy

• Analyzing sales data to forecast demand and adjust inventory levels accordingly

• Establishing efficient storage and organization systems to minimize excess in

SCM stands for Supply Chain Management. It involves the planning, coordination, and control of the flow of goods and services from point of origin to point of consumption.

• SCM involves managing the flow of goods, information, and finances across the supply chain.

• It includes activities such as procurement, production, inventory management, logistics, and distribution.

• Effective SCM helps in reducing costs, improving effic...read more