Spark Minda Purchase Executive Interview Questions and Answers

Time management is the process of planning and organizing how much time you spend on various activities.

• It involves setting goals and priorities

• Creating a schedule or to-do list

• Eliminating distractions

• Delegating tasks when possible

• Tracking progress and making adjustments

• Examples: Using a planner, setting reminders, breaking tasks into smaller chunks

RM steel grades and their properties depend on the intended use and manufacturing process.

• RM stands for 'refined material' and is a type of steel that has undergone additional processing to improve its properties.

• Common RM steel grades include RM10, RM12, and RM15, each with varying levels of strength and ductility.

• Properties of RM steel grades can include high tensile strength, good weldability, and resistance to corr...read more

CRCA D and CRCA EDD are two different types of cold-rolled steel sheets with varying properties.

• CRCA D has a lower yield strength and is more ductile than CRCA EDD.

• CRCA EDD has a higher yield strength and is less ductile than CRCA D.

• CRCA D is used for applications that require high formability, while CRCA EDD is used for applications that require high strength.

• CRCA D is cheaper than CRCA EDD due to its lower strength.

• C...read more

Handling critical situations with suppliers requires proactive communication and contingency planning.

• Establish clear communication channels with suppliers

• Develop contingency plans for potential supply chain disruptions

• Regularly review and update supplier contracts

• Maintain a diverse supplier base to mitigate risk

• Monitor supplier performance and address issues promptly

• Collaborate with cross-functional teams to identify

There are three types of purchase orders: Standard, Blanket, and Contract.

• Standard Purchase Order: Used for one-time purchases of goods or services.

• Blanket Purchase Order: Used for recurring purchases of goods or services over a period of time.

• Contract Purchase Order: Used for long-term purchases of goods or services with a specific supplier.

• Each type of purchase order has its own unique characteristics and is used in ...read more

Open PO and Close PO are different in terms of their status and completion.

• Open PO refers to a purchase order that is still active and has not been fully processed or completed.

• Close PO, on the other hand, refers to a purchase order that has been fully processed and completed.

• Open POs may still require actions such as receiving goods or services, invoicing, or payment.

• Close POs indicate that all necessary actions have ...read more

Direct suppliers provide goods or services directly to the company, while indirect suppliers provide goods or services to the direct suppliers.

• Direct suppliers are involved in the production process, while indirect suppliers are not.

• Direct suppliers are usually larger and have a closer relationship with the company.

• Examples of direct suppliers include raw material providers, while indirect suppliers include packaging s...read more

My stability is defined by my ability to adapt to changes and handle challenges with a calm and rational approach.

• I am able to maintain a positive attitude even in difficult situations

• I have a strong support system of family and friends

• I prioritize self-care and stress management techniques

• I am open to learning and growing from my experiences

• I have a consistent work history and have demonstrated reliability in my past

Purchase involves acquiring goods or services from external sources.

• Identifying the need for goods or services

• Researching potential suppliers

• Negotiating prices and terms

• Placing orders and tracking deliveries

• Managing supplier relationships

• Ensuring quality and timely delivery

• Maintaining accurate records and inventory

• Analyzing market trends and costs

• Collaborating with other departments

• Implementing cost-saving strategies