Tata Motors Assistant Manager- Purchase Interview Questions and Answers

Material planning is the process of determining the materials needed for production and ensuring they are available at the right time.

• Forecasting demand based on historical data and market trends

• Creating a bill of materials (BOM) listing all components needed for production

• Determining order quantities and lead times for materials

• Monitoring inventory levels and reordering materials as needed

• Collaborating with suppliers

Inventory control is the process of managing and overseeing the ordering, storage, and usage of a company's inventory.

• Implementing inventory management software to track stock levels and reorder points

• Regularly conducting physical inventory counts to ensure accuracy

• Analyzing sales data to forecast demand and adjust inventory levels accordingly

• Establishing efficient storage and organization systems to minimize excess in

SCM stands for Supply Chain Management. It involves the planning, coordination, and control of the flow of goods and services from point of origin to point of consumption.

• SCM involves managing the flow of goods, information, and finances across the supply chain.

• It includes activities such as procurement, production, inventory management, logistics, and distribution.

• Effective SCM helps in reducing costs, improving effic...read more