How you can increase the profits to our Organization

Question

Accepted Answer

To increase profits, focus on cost reduction, improving efficiency, increasing sales, and exploring new markets.

Identify and reduce unnecessary costs
Streamline supply chain processes to improve efficiency
Implement lean manufacturing techniques to minimize waste
Optimize inventory management to reduce carrying costs
Negotiate better deals with suppliers to lower procurement costs
Improve product quality and customer satisfaction to increase sales
Develop and execute effective marketing strategies to attract new customers
Expand into new markets or target new customer segments
Invest in research and development to innovate and differentiate from competitors

Accepted Answer

Suppose if it mfg company,
1.Selection right material supplier by evaluating,
2. Good negotiation while procuring materials including transport,
3. Selection of right mfg methods, and preparation operational sequences to avoid delays.
4.Inspection of materials (QC) as per provided drawings ,
5.Proper packing and timely transport.
6. Payments status follow up before before & after dispatch of materials as per P.O terms.
7.Customer feed backs after installation.
8.Building customers confidence to get repeat orders.

Accepted Answer

Develop new coverage area, and more follow up dr visit and discussion dr each product quality and product price ,

Accepted Answer

Negotiation Skill can chage the entire profitability by strong control on Inventory cycles.

How you can increase the profits to our Organization

Popular interview questions of Manager SCM

Top HR questions asked in Subros Manager SCM