Minda Stoneridge Instruments Head Materials Interview Questions and Answers

The challenges faced by today's auto industries include technological advancements, environmental concerns, and changing consumer preferences.

• Technological advancements: Auto industries need to keep up with the rapid pace of technological advancements, such as electric vehicles, autonomous driving, and connectivity.

• Environmental concerns: The auto industry is under pressure to reduce emissions and develop more sustaina...read more

Six Sigma is applied in cost reduction programs through the use of DMAIC methodology and statistical tools.

• Identify and prioritize cost reduction opportunities using data-driven analysis

• Define the problem and set clear objectives for cost reduction

• Measure the current cost performance and collect relevant data

• Analyze the data to identify root causes of cost variations

• Improve processes by implementing solutions to addres...read more

I have completed 5 VSM projects in my career, each focusing on optimizing different processes within the organization.

• Completed 5 VSM projects

• Focused on optimizing various processes

• Implemented lean principles to improve efficiency

• Collaborated with cross-functional teams to identify bottlenecks

• Utilized value stream mapping tools to visualize current state and future state

The current steel rates vary depending on the type and market conditions. Steel vendors are selected based on factors like quality, reliability, pricing, and customer service.

• Steel rates fluctuate based on factors like supply and demand, global market conditions, and the type of steel.

• Steel vendors are selected based on their reputation for providing high-quality steel products.

• Factors considered while selecting steel ...read more

I have achieved significant savings through strategic sourcing and vendor negotiations.

• Implemented cost-saving initiatives such as consolidating suppliers and negotiating bulk discounts

• Utilized data analysis to identify areas for cost reduction and optimize procurement processes

• Saved 15% on annual materials costs by renegotiating contracts with key vendors

I have handled vendors from various industries including manufacturing, technology, and retail.

• I have worked with vendors from manufacturing companies such as ABC Manufacturing and XYZ Industries.

• I have also managed vendors from technology companies like Google and Microsoft.

• In addition, I have experience dealing with vendors from the retail sector, such as Walmart and Target.

The criteria for selecting vendors include quality of products/services, cost, reliability, reputation, and compatibility with company values.

• Quality of products/services

• Cost

• Reliability

• Reputation

• Compatibility with company values