Custom Capsules Interview Questions and Answers

Effective negotiation involves clear communication, understanding needs, and finding mutually beneficial terms in contracts.

• Understand the needs of both parties: For example, if negotiating a supply contract, know the supplier's capacity and your demand.

• Prepare a list of key terms: Include pricing, delivery schedules, and payment terms to ensure all aspects are covered.

• Use active listening: This helps in understanding ...read more

To find alternative vendors, conduct market research and network with industry professionals. Vendor assessment involves evaluating their quality, reliability, and pricing.

• Conduct market research to identify potential vendors

• Network with industry professionals to gather recommendations

• Evaluate vendor quality, reliability, and pricing

• Consider factors such as delivery time, payment terms, and customer service

• Maintain a v...read more

To track PR to PO conversion and follow up with vendors, use a procurement software and establish clear communication channels.

• Use a procurement software to track the conversion process

• Establish clear communication channels with vendors to ensure timely delivery

• Regularly follow up with vendors to ensure they are meeting their commitments

• Maintain accurate records of all transactions

• Ensure that all parties involved are a...read more

Maintain MSL level by analyzing market trends and forecasting demand.

• Regularly analyze market trends and customer demand

• Collaborate with sales and marketing teams to gather insights

• Use forecasting tools and techniques to predict future demand

• Maintain accurate inventory levels to avoid stockouts or excess inventory

• Continuously monitor and adjust forecasts based on actual sales data