Shilpa Machinery Technologies Purchase Manager Interview Questions and Answers

Implemented cost-saving strategies by negotiating with suppliers and optimizing procurement processes.

• Negotiated with suppliers to get better prices and payment terms

• Reduced inventory costs by implementing just-in-time inventory management

• Streamlined procurement processes to reduce lead times and costs

• Identified and eliminated unnecessary expenses

• Implemented cost-tracking systems to monitor expenses

• Encouraged the use o...read more

If a supplier fails to deliver material, I would take the following steps to address the situation.

• Contact the supplier to inquire about the reason for the failure

• Evaluate the impact of the delay on the project or production

• Explore alternative suppliers or sources for the material

• Negotiate with the supplier for compensation or expedited delivery

• Implement contingency plans to minimize the impact of the delay

• Monitor the ...read more

I maintain regular communication with suppliers, negotiate contracts, and ensure timely delivery of goods.

• Regular communication with suppliers to understand their needs and concerns

• Negotiating contracts to ensure favorable terms and pricing

• Monitoring supplier performance and addressing any issues that arise

• Ensuring timely delivery of goods to meet production schedules

• Collaborating with suppliers to identify opportuniti...read more