Bulk

fixed price with price redetermination contract

fixed price with incentive contract

return on investment, total cost of ownership of the supplier's product and supplier's price in relation to market rate

payment terms, delivery capability and price

method of payment, costs of payment and difference between fixed price versus a variable rate

inspect each supplier's technical certifications , conduct site visits and review each supplier's historical performance records

give the other party your full attention, avoid interrupting and keep an open mind

Mutual Benefit, Fairness and Maintaining A Relationship

develop ways to improve processes , increase efficiency and achieve higher responsiveness

meet face-to-face , discuss mutual concerns and manage expectations effectively

supplier's capability, extent of information sharing that occurs and project planning horizon

weight values, criteria for evaluating performance and date range

delivery, pricing and quality

performance expectations are unclear , no incentives for the supplier to perform well and supplier's lack of capability

selecting, assessing, and rating suppliers, developing and maintaining supplier relationships and obtaining prices and reducing purchase costs

securing a stable supply channel, keeping costs and prices low and managing stock levels

definitive in terms of standards, being specific and well organized

capabilities, reliability and cost

number of suppliers in the industry, uniqueness of the product and geographic locations of suppliers

market demand, product and availability

inflation, better control of investment in inventory and shortages of materials

risk involved, uncertain nature of supply availability and sources of supplies

encourages competition , increased organizational flexibility and access to expertise of multiple suppliers

RFP

SOW

RFI

1. Optimum Utilisation of Equipment 2. Increase in Warehouse Capacity 3. Reduction in Manufacturing Cost

Operating flexibility refers to the ability to make adjustments in internal policies and procedures to accommodate product and customer requirements

Materials Requirements Planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes.

1. Production Budget 2. store position 3. Management policy

codification system is based on numbers starting 0 to 9, and comprise usually three blocks separated by decimals

Decentralized stores are used when consumption centers are situated at different and distant places, while the transaction of goods is quite high

To evaluate process performance over time

This question is somewhat related to time management and work prioritization. The sole objective of asking this question is to understand the daily time and prioritization period being used such that it accommodates changes. The recruiter is expecting a good answer to this question that projects you as someone who stays in command of his job and works on defined timelines.

This question has been asked to get know about your ability to handle scale and scope. Focus on elaborating your expertise and if you have experience in smaller budgets, then do not forget to include how your models have the ability to scale.

This type of question is asked during the interview to determine if your career goals get along with the career path of the company. it therefore becomes important for you to elaborate how the position you are interviewing for will fit into your long term goals thereby leading to a win-win situation for both parties.

One of the most important point to keep in mind while answering this question is to avoid any type of labels. Some of the most common labels used are, progressive, consultative, persuasive, that can have several meanings or descriptions based on the management style. It is always suggested to focus on the situational style since it is safe, as it focuses on managing according to the situation, instead of one size fits all. Sample Answer - Given my experience, delegating responsibility and authority is very important. It is suggested that team should develop and grow as individuals and a whole, and not be held back by low expectations. I strongly believe in building a team where each team member should be clear on their role, as per their fit and the team should feel as if they can depend on one another. As the managing authority I believe in real-time feedback. Since it is important to understand if you do something wrong and rectify at the earliest.

Reciprocal trading providers participating nations with equivalent competitive trading opportunities based on mutual agreements negotiated to adjust tariffs, duties, and customs restrictions in order to increase foreign trade and improve border-to-border relationships among participating countries.

Counter trading offers cash to poor countries and organizations greater access to the world markets by offering them an alternate method of acquiring goods.

When there is a lack of pricing information to determine price reasonableness, we must focus on cost analysis which can be performed to evaluate and verify a vendor's cost data and proposed profit.

Benchmarking refers to the continuous process of measuring an organizations products, services, costs, and practices against those of competitors or organizations that display their best in class achievements.

This question is somewhat related to time management and work prioritization. The sole objective of asking this question is to understand the daily time and prioritization period being used such that it accommodates changes. The recruiter is expecting a good answer to this question that projects you as someone who stays in command of his job and works on defined timelines.

This question has been asked to get know about your ability to handle scale and scope. Focus on elaborating your expertise and if you have experience in smaller budgets, then do not forget to include how your models have the ability to scale.

This type of question is asked during the interview to determine if your career goals get along with the career path of the company. it therefore becomes important for you to elaborate how the position you are interviewing for will fit into your long term goals thereby leading to a win-win situation for both parties.

One of the most important point to keep in mind while answering this question is to avoid any type of labels. Some of the most common labels used are, progressive, consultative, persuasive, that can have several meanings or descriptions based on the management style. It is always suggested to focus on the situational style since it is safe, as it focuses on managing according to the situation, instead of one size fits all. Sample Answer - Given my experience, delegating responsibility and authority is very important. It is suggested that team should develop and grow as individuals and a whole, and not be held back by low expectations. I strongly believe in building a team where each team member should be clear on their role, as per their fit and the team should feel as if they can depend on one another. As the managing authority I believe in real-time feedback. Since it is important to understand if you do something wrong and rectify at the earliest.

Reciprocal trading providers participating nations with equivalent competitive trading opportunities based on mutual agreements negotiated to adjust tariffs, duties, and customs restrictions in order to increase foreign trade and improve border-to-border relationships among participating countries.

Counter trading offers cash to poor countries and organizations greater access to the world markets by offering them an alternate method of acquiring goods.

When there is a lack of pricing information to determine price reasonableness, we must focus on cost analysis which can be performed to evaluate and verify a vendor's cost data and proposed profit.

Benchmarking refers to the continuous process of measuring an organizations products, services, costs, and practices against those of competitors or organizations that display their best in class achievements.