Pricol Interview Questions, Process, and Tips

Q1. Why supplier chain management is required for an organization ?
Ans. 
Supply chain management is required for an organization to ensure efficient flow of goods and services, reduce costs, mitigate risks, and enhance customer satisfaction.
• Efficient flow of goods and services: Supply chain management helps in streamlining the movement of raw materials, components, and finished products, ensuring timely delivery to customers.

• Cost reduction: Effective supply chain management can help in opti...read more
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Q2. What are the factors need to look during evaluating a supplier?
Ans. 
Factors to consider when evaluating a supplier
• Quality of products/services

• Pricing and payment terms

• Delivery time and reliability

• Supplier's financial stability

• Supplier's reputation and track record

• Communication and responsiveness

• Supplier's compliance with regulations and standards
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Q3. How to calculate Supplier performance rating ?
Ans. 
Supplier performance rating is calculated based on various factors such as quality, delivery, cost, and responsiveness.
• Identify the key performance indicators (KPIs) for the supplier

• Assign weights to each KPI based on their importance

• Collect data on supplier performance for each KPI

• Calculate the score for each KPI using a predefined formula

• Multiply the score for each KPI by its weight and add them up to get the overall...read more
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Q4. What will you do if a supplier is not responding to the complaints?
Ans. 
If a supplier is not responding to complaints, I would take the following steps:
• First, I would try to contact the supplier through multiple channels such as phone, email, and in-person visits.

• If the supplier still does not respond, I would escalate the issue to their higher management or a designated contact person.

• I would document all the complaints and communication attempts for future reference.

• If the lack of respon...read more
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Q5. How will you implement the corrective actions in non responsive supplier?
Ans. 
I will follow a structured approach to identify the root cause and work with the supplier to develop and implement a corrective action plan.
• Conduct a thorough investigation to identify the root cause of non-responsiveness

• Communicate with the supplier to understand their perspective and challenges

• Develop a corrective action plan with specific actions, timelines, and responsibilities

• Monitor progress and provide regular u...read more
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Aptitude test, general knowledge