What is the vendor development. What strategies your are using for negotiation. How much vendor have you developed in ur current role. Tell me P2P process. What is subcontracting. Explain PPAP process. Telle key point for vendor evaluation.

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Vendor development is the process of identifying, evaluating, and building relationships with suppliers to ensure quality, cost-effectiveness, and reliability.

Vendor development involves identifying potential suppliers through market research and referrals.
Negotiation strategies include understanding market trends, setting clear objectives, and building long-term partnerships.
In my current role, I have developed relationships with 10 vendors for various products and services.
P2P process stands for Procure-to-Pay, which involves the entire cycle from requisitioning goods/services to making payment to the vendor.
Subcontracting is when a vendor outsources part of their work to another supplier.
PPAP process (Production Part Approval Process) is used in the automotive industry to ensure suppliers meet quality standards before production.
Key points for vendor evaluation include assessing quality, cost, delivery time, communication, and compliance with regulations.

What is the vendor development. What strategies your are using for negotiation. How much vendor have you developed in ur current role. Tell me P2P process. What is subcontracting. Explain PPAP process. Telle key point for vendor evaluation.

Top HR questions asked in Schmersal Vendor Development and Purchase Engineer