Senior Manager Purchase
Senior Manager Purchase Interview Questions and Answers
Q1. How to define min- max-rol level for inventory
Min-max-rol level for inventory is defined based on demand, lead time, and safety stock.
Min level is the minimum quantity of inventory required to avoid stockouts.
Max level is the maximum quantity of inventory required to avoid overstocking.
Rol level is the quantity of inventory to be ordered when the stock level reaches the reorder point.
Demand, lead time, and safety stock are the key factors to determine the min-max-rol level.
Demand forecasting helps to estimate the require...read more
Q2. Plan to improve savings with existing resources and infra
To improve savings, we will focus on optimizing our procurement processes, negotiating better deals with suppliers, and implementing cost-saving measures.
Conduct a thorough analysis of our current procurement processes to identify areas for improvement
Negotiate better prices and terms with our existing suppliers
Explore new suppliers and products to ensure we are getting the best value for our money
Implement cost-saving measures such as bulk purchasing, standardization of prod...read more
Q3. How you will improve the productivity
I will improve productivity by implementing efficient processes and utilizing technology.
Analyze current processes and identify areas for improvement
Implement automation and technology to streamline tasks
Provide training and support to employees to increase efficiency
Set clear goals and expectations for productivity
Regularly review and adjust processes to ensure continued improvement
Q4. Tell me something about VMI concept
VMI stands for Vendor Managed Inventory, where the supplier manages the inventory of the buyer.
VMI is a supply chain management technique.
The supplier is responsible for monitoring and replenishing the buyer's inventory.
The supplier has access to the buyer's inventory data and manages the inventory accordingly.
VMI helps in reducing inventory costs and improving supply chain efficiency.
Examples of VMI include Walmart's collaboration with P&G and Coca-Cola's collaboration with ...read more
Q5. What is the purpose activities doing
The purpose of activities is to achieve specific goals or objectives through planned actions.
Activities help in achieving organizational objectives
They help in improving efficiency and effectiveness
Activities can include sourcing, negotiating, purchasing, and managing supplier relationships
They contribute to cost savings and quality improvement
Activities also involve strategic planning and decision-making
Q6. Annual Capacity and Plant Detail
Our annual capacity is X units and we have Y plants located in Z cities.
Annual capacity is X units
We have Y plants located in Z cities
Our plants are equipped with state-of-the-art technology
We have a dedicated team of professionals to ensure smooth operations
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Q7. What are the procurement
Procurement refers to the process of acquiring goods, services, or works from an external source.
Procurement involves identifying needs, selecting suppliers, negotiating terms, and managing contracts.
It aims to obtain the best quality goods or services at the most competitive prices.
Procurement also includes supplier relationship management and risk management.
Examples of procurement activities include issuing purchase orders, conducting supplier evaluations, and monitoring s...read more
Q8. Pull System Of Procurement
Pull system of procurement involves ordering goods only when needed to reduce excess inventory and waste.
Pull system focuses on demand-driven procurement
Orders are placed based on actual consumption or sales
Helps in reducing excess inventory and waste
Examples include Just-in-Time (JIT) inventory system
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