Shree Naina Containers Inc Interview Questions and Answers

Vendor rating parameters are criteria used to evaluate the performance of suppliers/vendors.

• Quality of goods/services provided

• Delivery time and reliability

• Pricing and payment terms

• Communication and responsiveness

• Environmental and social responsibility

• Examples: on-time delivery rate, defect rate, customer satisfaction score

To obtain the right product, at the right time, at the right price, from the right source.

• Procurement is about obtaining goods and services from the right source

• It involves finding the right product, at the right time, at the right price

• Procurement also involves managing supplier relationships and negotiating contracts

• The ultimate goal is to ensure that the organization has the resources it needs to operate efficiently...read more