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I applied via Company Website and was interviewed in Jun 2024. There were 2 interview rounds.
Experienced sourcing specialist with a background in procurement and vendor management.
Over 5 years of experience in sourcing and procurement
Skilled in vendor management and negotiation
Strong analytical and problem-solving skills
Excellent communication and relationship-building abilities
Previously managed a successful cost-saving initiative by renegotiating vendor contracts
Procurement is the process of acquiring goods or services, while sourcing is the act of finding suppliers or vendors.
Procurement involves the purchasing of goods or services at the best possible price and quality.
Sourcing focuses on identifying and selecting suppliers or vendors to fulfill procurement needs.
Effective procurement and sourcing strategies can help organizations save costs and improve supply chain efficien
Strategic sourcing is a procurement process that involves analyzing the company's spending, identifying opportunities for cost savings, and developing long-term relationships with suppliers.
Involves analyzing company's spending
Identifying opportunities for cost savings
Developing long-term relationships with suppliers
MRP stands for Material Requirements Planning, a system used to manage and plan the production and inventory of materials.
MRP helps in determining what materials are needed, when they are needed, and how much is needed for production.
It helps in optimizing inventory levels, reducing lead times, and improving production efficiency.
MRP software systems like SAP, Oracle, and Microsoft Dynamics are commonly used in busines
NPD (New Product Development) process involves idea generation, product design, development, testing, and launch.
Idea generation: Brainstorming sessions, market research, customer feedback.
Product design: Creating prototypes, refining features, ensuring functionality.
Development: Engineering the product, manufacturing processes, quality control.
Testing: Conducting trials, gathering feedback, making improvements.
Launch:...
P2P Process stands for Procure-to-Pay Process, which involves the steps from requisition to payment for goods or services.
Requisition: Request for goods or services needed by the organization.
Purchase Order: Formal document authorizing the purchase.
Receipt of Goods/Services: Verification of delivery.
Invoice Processing: Receipt of invoice from supplier.
Payment: Issuing payment to supplier.
Reconciliation: Matching invoic
Tools for cost estimation include cost estimating software, spreadsheets, historical data, and expert judgment.
Cost estimating software: specialized software like CostWorks, RSMeans, or ProEst that help in creating accurate cost estimates
Spreadsheets: using tools like Microsoft Excel to organize and calculate costs based on project requirements
Historical data: analyzing past project costs to estimate future expenses
Exp...
ZBC stands for Zero Based Costing, a method of budgeting in which all expenses must be justified for each new period. Should Costing is a process of estimating the cost of a product or service based on its materials, labor, and overhead.
ZBC requires all expenses to be justified from scratch for each budgeting period
Should Costing involves estimating the cost of a product or service based on its components and productio...
Contract management involves overseeing the creation, negotiation, execution, and monitoring of contracts to ensure compliance and maximize value.
Involves creating, negotiating, executing, and monitoring contracts
Ensures compliance with terms and conditions
Maximizes value for all parties involved
May involve tracking key contract milestones and deadlines
Examples include vendor contracts, service agreements, and procurem
I want to join ReNew because of its reputation for innovation and commitment to sustainability.
ReNew's focus on sustainability aligns with my values and career goals
I am excited about the opportunity to work with a dynamic team and contribute to impactful projects
I admire ReNew's track record of success and want to be a part of their continued growth
I will achieve savings by negotiating better prices with suppliers, optimizing contracts, and implementing cost-saving strategies.
Negotiating better prices with suppliers
Optimizing contracts to ensure favorable terms
Implementing cost-saving strategies such as bulk purchasing or vendor consolidation
Seeking new challenges and growth opportunities in a dynamic field.
Desire for professional growth and development
Interest in exploring new industries and roles
Seeking a more challenging and rewarding work environment
In the next 5 years, I see myself advancing in my career as a Sourcing Specialist, taking on more responsibilities and contributing to the growth of the company.
Continuing to develop my skills and knowledge in sourcing and procurement
Taking on leadership roles within the sourcing team
Contributing to cost-saving initiatives through strategic sourcing decisions
Building strong relationships with suppliers and stakeholders
...
I come from a close-knit family of five, including my parents, older sister, and younger brother.
Parents are both retired and enjoy traveling
Older sister works as a teacher
Younger brother is studying engineering
We often have family gatherings and celebrate special occasions together
My expected CTC is negotiable based on the job responsibilities and market standards.
My expected CTC is based on my experience, skills, and the job responsibilities.
I am open to discussing the compensation package based on the market standards.
I am looking for a competitive salary that aligns with my qualifications and the industry norms.
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I applied via Naukri.com and was interviewed in Jul 2021. There was 1 interview round.
I applied via Naukri.com and was interviewed in Feb 2022. There were 3 interview rounds.
First Round is personal Round after aptitude test.After than Final round is done
I applied via Company Website and was interviewed in Apr 2022. There were 2 interview rounds.
We used an ERP system called SAP in my previous company.
Previous company used SAP as the primary system.
SAP helped in streamlining business processes and improving efficiency.
It integrated various departments like finance, HR, and supply chain.
SAP provided real-time data and analytics for informed decision-making.
Employees were trained to use SAP for their respective roles.
Lapping zone in column refers to the area where the stationary phase and mobile phase meet in chromatography.
The lapping zone is where the sample components interact with the stationary phase and mobile phase.
It is important for separation efficiency and resolution in chromatography.
Examples include the interface between the liquid and solid phases in column chromatography.
IS code of practice for steel structures is a set of guidelines and standards for designing and constructing steel structures.
The IS code for steel structures in India is IS 800:2007.
It covers various aspects such as material properties, design criteria, construction practices, and quality control.
The code provides guidelines for the design of steel structures to ensure safety, efficiency, and durability.
It is importan...
Concrete is a composite material made of cement, water, aggregates, and often admixtures. It has high compressive strength but low tensile strength.
Concrete is a mixture of cement, water, and aggregates like sand and gravel
It has high compressive strength, making it suitable for structural applications
However, it has low tensile strength, which can lead to cracking under tension
Reinforcement like steel bars can be adde...
Total station is a surveying instrument used for measuring angles and distances in surveying and construction.
Total station combines theodolite, electronic distance meter, and software to measure angles and distances accurately.
It is commonly used in construction, civil engineering, and land surveying.
Total station can be used for setting out buildings, roads, and other infrastructure projects.
It provides precise measu...
posted on 16 May 2018
I applied via Referral and was interviewed in Mar 2018. There were 4 interview rounds.
PR and PO are commonly used abbreviations in the business world. SAP is a popular software used for managing company operations.
PR stands for Purchase Requisition, which is a document used to request the purchase of goods or services.
PO stands for Purchase Order, which is a legally binding document issued by a buyer to a seller, indicating the details of a purchase.
Experience in PR and PO involves managing procurement ...
I applied via Job Portal and was interviewed in Feb 2023. There were 2 interview rounds.
Transformers and motors are devices used to convert and utilize electrical energy, while renewable energy sources are natural resources that can be replenished.
Transformers are devices that transfer electrical energy between two or more circuits through electromagnetic induction
Motors are devices that convert electrical energy into mechanical energy to perform work
Renewable energy sources are natural resources such as ...
I applied via Recruitment Consulltant and was interviewed before Oct 2022. There were 2 interview rounds.
I applied via Campus Placement and was interviewed before Nov 2020. There were 5 interview rounds.
HVDC stands for High Voltage Direct Current. It is a system used for transmitting high voltage electricity over long distances.
HVDC systems are used to transmit electricity over long distances with minimal losses.
They are more efficient than traditional AC systems for long-distance transmission.
HVDC systems use converters to convert AC power to DC power and vice versa.
Examples of HVDC systems include the Itaipu HVDC sy...
A rectifier is an electronic device that converts AC to DC.
Rectifiers are commonly used in power supplies to convert AC voltage to DC voltage.
They can be made using diodes or other semiconductor devices.
Rectifiers are essential for many electronic devices to function properly.
Examples of rectifiers include bridge rectifiers, half-wave rectifiers, and full-wave rectifiers.
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