Sharda Group of Institutions Assistant Manager- Purchase Interview Questions, Process, and Tips

The new product development procedure involves a series of steps to bring a new product from concept to market.

• Market research and identification of customer needs

• Idea generation and concept development

• Product design and prototyping

• Testing and validation

• Manufacturing and production

• Marketing and sales

• Post-launch evaluation and continuous improvement

The supplier selection procedure involves a systematic process to identify and evaluate potential suppliers.

• Define the requirements and criteria for supplier selection

• Identify potential suppliers through market research, referrals, and trade shows

• Evaluate suppliers based on factors like quality, price, delivery time, and financial stability

• Conduct supplier audits and site visits to assess their capabilities

• Negotiate te...read more

Machine hour rate calculation

• Machine hour rate is the cost of operating a machine per hour of usage

• It is calculated by dividing the total cost of operating the machine by the total number of machine hours

• The formula for machine hour rate is: Machine Hour Rate = Total Cost / Total Machine Hours

• Total cost includes direct costs (such as labor, materials, and maintenance) and indirect costs (such as overheads and depreciat...read more

To beat technical problems related to costing, it is important to have a strong understanding of the technical aspects and use effective strategies.

• Develop a strong knowledge of costing techniques and methodologies

• Stay updated with the latest technological advancements in costing software and tools

• Implement effective cost control measures to minimize technical problems

• Regularly analyze and review costing processes to i...read more

The selection procedure for Assistant Manager Purchase involves multiple stages.

• The first stage is the initial screening of resumes to shortlist candidates based on their qualifications and experience.

• Shortlisted candidates are then invited for a preliminary interview to assess their knowledge and skills related to purchase management.

• Successful candidates from the preliminary interview move on to the next stage, which...read more

Seeking new challenges and growth opportunities in a dynamic work environment.

• Desire for professional growth and advancement

• Seeking new challenges and learning opportunities

• Looking for a more dynamic and stimulating work environment

• Wishing to broaden my skill set and knowledge

• Wanting to work with a company that aligns with my values and goals

Stability in job is important for career growth and personal development.

• Stability in job allows for long-term planning and commitment to the organization.

• It provides a sense of security and financial stability.

• Stability in job enables the opportunity to build expertise and advance in the chosen field.

• It fosters a positive work environment and promotes employee loyalty.

• Stability in job allows for the development of str