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New seale and extra experience of purchase can bring fresh ideas and improved efficiency to the procurement process.
The new hire can bring in new supplier contacts and negotiate better deals.
Their experience can help streamline the purchasing process and reduce costs.
They can also bring in new technology and tools to improve efficiency.
Examples of their past successes in procurement can demonstrate their value to the c
Margin for supplier refers to the profit percentage earned by the supplier on the sale of goods or services.
Margin is calculated as the difference between the cost of goods sold and the selling price.
It is usually expressed as a percentage of the selling price.
The margin for a supplier can vary depending on factors such as competition, demand, and negotiation.
For example, if a supplier sells a product for $100 and the ...
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posted on 15 Nov 2023
I applied via Referral and was interviewed before Nov 2022. There were 2 interview rounds.
SAP stands for Systems, Applications, and Products in Data Processing. MRP stands for Material Requirements Planning.
SAP is an enterprise resource planning software that helps businesses manage their operations and customer relations.
MRP is a production planning and inventory control system used to manage manufacturing processes.
SAP integrates various business functions like finance, HR, sales, and procurement.
MRP calc...
I applied via Recruitment Consultant and was interviewed in Apr 2021. There were 3 interview rounds.
I applied via Referral and was interviewed in Jun 2020. There were 3 interview rounds.
P2P cycle refers to the Procure-to-Pay cycle, which is the process of purchasing goods or services from a supplier.
The cycle starts with identifying the need for a product or service
Then, a purchase requisition is created and approved
Next, a purchase order is issued to the supplier
Goods or services are received and inspected
An invoice is received and matched to the purchase order and goods receipt
Finally, payment is ma...
Quality Engineer
18
salaries
| ₹1.8 L/yr - ₹3.5 L/yr |
Production Engineer
12
salaries
| ₹2 L/yr - ₹3.8 L/yr |
Engineer
5
salaries
| ₹1.7 L/yr - ₹3 L/yr |
Executive Accountant
5
salaries
| ₹1.8 L/yr - ₹4.8 L/yr |
Graduate Engineer Trainee (Get)
4
salaries
| ₹1.7 L/yr - ₹2 L/yr |
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