Mjunction Services Interview Questions and Answers

I procure a variety of materials including office supplies, equipment, technology, and services.

• Office supplies such as paper, pens, and folders

• Equipment like computers, printers, and furniture

• Technology such as software licenses and hardware components

• Services like maintenance contracts and consulting agreements

Yes, I am proficient in advanced Excel including pivot tables, VLOOKUP, and macros.

• Proficient in creating and manipulating pivot tables for data analysis

• Skilled in using VLOOKUP and other advanced functions for data manipulation

• Experience in automating tasks using macros to improve efficiency

• Familiar with data visualization techniques using charts and graphs

Identifying a new vendor involves conducting research, evaluating their products/services, checking references, and negotiating terms.

• Conduct thorough research on potential vendors

• Evaluate the quality of their products/services

• Check references and reviews from other clients

• Negotiate terms and pricing to ensure a mutually beneficial agreement

I come from a close-knit family of five, including my parents, my younger sister, and our pet dog.

• My parents have always been supportive of my career choices and have instilled in me the values of hard work and perseverance.

• My younger sister is currently studying in college and aspires to become a doctor.

• Our pet dog, Max, is a playful and loyal companion who brings joy to our family.

Procure to Pay process involves the steps from requisitioning goods/services to making payment to suppliers.

• 1. Requisition: Identify the need for goods/services.

• 2. Vendor selection: Choose a supplier based on criteria like price, quality, and delivery time.

• 3. Purchase order: Create a formal document outlining the details of the purchase.

• 4. Goods receipt: Receive and inspect the goods/services.

• 5. Invoice verification: M...read more

I am a dedicated professional with a strong background in finance and a passion for community service.

• I have over 10 years of experience in the finance industry, working in various roles such as financial analyst and investment manager.

• I hold a Bachelor's degree in Finance from XYZ University and have completed several certifications in financial planning.

• In my personal life, I am actively involved in volunteering at l...read more

Yes, I have experience handling difficult vendors by maintaining open communication and setting clear expectations.

• Maintained open communication with the vendor to address issues

• Set clear expectations and deadlines for deliverables

• Negotiated terms and conditions to reach a mutually beneficial agreement

I handle an average spend of 50,000 INR per month in my current role.

• I manage budgets ranging from 40,000 to 60,000 INR monthly.

• I am responsible for overseeing expenses totaling around 50,000 INR per month.

• I have experience handling financial transactions amounting to 50,000 INR on a monthly basis.

Yes, I am comfortable being posted in 'X' location as I have lived there before and am familiar with the area.

• I have lived in 'X' location before and am familiar with the area

• I have friends or family in 'X' location who can provide support

• I am open to new experiences and challenges in different locations

In my next assignment as a Senior Officer, I will be responsible for overseeing team performance, implementing strategic initiatives, and ensuring compliance with company policies.

• Overseeing team performance and providing guidance and support

• Implementing strategic initiatives to drive business growth

• Ensuring compliance with company policies and regulations

• Managing budgets and resources effectively

• Collaborating with oth...read more

I have extensive experience in inventory management, stock control, and logistics within the store department.

• Managed inventory levels to ensure optimal stock availability, reducing stockouts by 20%.

• Implemented a new tracking system that improved order accuracy by 30%.

• Conducted regular audits to maintain compliance with safety and quality standards.

• Collaborated with suppliers to negotiate better pricing and delivery sc...read more

GRN Day Book Detail is a record of all goods received into the store on a particular day.

• GRN stands for Goods Received Note

• It includes details such as supplier name, item description, quantity received, and date

• Helps in tracking incoming inventory and verifying against purchase orders

Stores function involves managing inventory, organizing storage spaces, tracking stock levels, and ensuring timely supply of materials.

• Inventory management

• Organizing storage spaces

• Tracking stock levels

• Ensuring timely supply of materials

Procurement process involves acquiring goods or services from external sources.

• Identify needs and requirements

• Research potential suppliers

• Request for proposals or quotes

• Evaluate proposals and select supplier

• Negotiate terms and finalize contract

• Monitor supplier performance

Ethics of purchasing professional involves making decisions based on moral principles and values.

• Always prioritize honesty and transparency in all purchasing transactions

• Avoid conflicts of interest and ensure fair and equal treatment of all suppliers

• Adhere to company policies and legal regulations regarding purchasing practices

• Consider the environmental and social impact of purchasing decisions

• Seek approval from approp...read more