Head Purchase and Supply Chain Interview Questions and Answers

MIS & RM reports and tracking are crucial for effective supply chain management.

• MIS reports provide insights into the performance of the supply chain and help identify areas for improvement.

• RM changing reports help track changes in raw material prices and availability, allowing for proactive decision-making.

• RM tracking ensures timely delivery of raw materials and helps prevent stockouts.

• Effective use of technology can streamline the reporting and tracking process.

• Regular revi...read more

ZBC stands for Zero Based Costing. It is a cost management technique that involves starting from scratch and justifying every expense.

• ZBC requires a thorough analysis of all expenses and a justification for each one

• It is different from traditional budgeting which starts with the previous year's budget and adjusts it

• ZBC can help identify unnecessary expenses and lead to cost savings

• It is commonly used in industries such as FMCG, retail, and healthcare

• ZBC can be time-consuming ...read more

Vendor development involves identifying and building relationships with suppliers to improve quality, cost, and delivery performance.

• Identify potential vendors based on business needs and requirements

• Evaluate vendor capabilities and performance through audits and assessments

• Establish clear expectations and requirements for vendors

• Provide training and support to vendors to improve their performance

• Monitor vendor performance and provide feedback for continuous improvement

• Build ...read more