Mogli labs Assistant Manager Sourcing Interview Questions and Answers

Vendor management refers to the process of managing relationships with suppliers and vendors.

• It involves identifying potential vendors and selecting the best ones for the organization's needs.

• It also involves negotiating contracts and pricing with vendors.

• Vendor management includes monitoring vendor performance and ensuring that they meet the organization's standards.

• It also involves managing vendor relationships to en...read more

TAT is the time taken to complete a task, while lead time is the time taken from order placement to delivery.

• TAT is the time taken to complete a specific task or activity.

• Lead time is the time taken from order placement to delivery of the product or service.

• TAT and lead time are critical in supply chain management.

• Reducing TAT and lead time can improve customer satisfaction and increase efficiency.

• For example, a compan...read more