Assistant Manager Sourcing Interview Questions and Answers

Consumers should consider parameters such as quality, safety, functionality, and price when choosing products.

• Quality: Consumers should look for products that meet their expectations and standards.

• Safety: Consumers should prioritize products that are safe to use and do not pose any health risks.

• Functionality: Consumers should consider how well the product performs its intended purpose.

• Price: Consumers should evaluate the cost of the product and determine if it aligns with the...read more

Vendor management refers to the process of managing relationships with suppliers and vendors.

• It involves identifying potential vendors and selecting the best ones for the organization's needs.

• It also involves negotiating contracts and pricing with vendors.

• Vendor management includes monitoring vendor performance and ensuring that they meet the organization's standards.

• It also involves managing vendor relationships to ensure that they are productive and beneficial for both part...read more

TAT is the time taken to complete a task, while lead time is the time taken from order placement to delivery.

• TAT is the time taken to complete a specific task or activity.

• Lead time is the time taken from order placement to delivery of the product or service.

• TAT and lead time are critical in supply chain management.

• Reducing TAT and lead time can improve customer satisfaction and increase efficiency.

• For example, a company may have a TAT of 24 hours for processing customer order...read more