LIC Housing Finance Interview Questions and Answers

I am familiar with several CPs in the sourcing industry.

• I have knowledge of Contractual CPs, Commercial CPs, and Compliance CPs.

• I am familiar with the role of CPs in supplier management and contract negotiation.

• I have experience working with CPs in various industries such as manufacturing, retail, and healthcare.

CPs are identified through market research, supplier databases, referrals, and industry events.

• Conduct market research to identify potential CPs

• Utilize supplier databases to find CPs with relevant capabilities

• Ask for referrals from industry contacts

• Attend industry events to network and discover new CPs

• Evaluate CPs based on their capabilities, capacity, quality, and cost

• Consider factors such as location, lead times, and communication skills

• Perform site visits and audits to ass...read more

The total number of channel partners and channel sales varies depending on the company's distribution strategy and market reach.

• The total number of channel partners can range from a few key strategic partners to hundreds or even thousands of smaller partners.

• Channel sales refer to the revenue generated through these channel partners, which can also vary greatly depending on the size and effectiveness of the partners.

• It is important for a Senior Sourcing Specialist to have a c...read more

BBS of Stirrups refers to the Bar Bending Schedule of stirrups in reinforced concrete construction.

• BBS of Stirrups is a detailed calculation of the quantity, shape, and size of stirrups required in a reinforced concrete structure.

• It helps in determining the amount of reinforcement steel needed for stirrups and ensures proper structural integrity.

• The BBS includes information such as the number of stirrups, their lengths, bends, and spacing.

• It is essential for accurate estimati...read more

The number of walkins in Channel Sales refers to the total count of individuals who physically visit a sales channel location.

• The number of walkins in Channel Sales can be tracked through sign-in sheets or electronic check-in systems.

• It is important to differentiate between walkins and other types of leads or sales interactions.

• For example, if a sales representative meets a potential customer at a trade show and schedules a follow-up meeting at the office, that would not be c...read more