Follow Our FB Page << >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...

1.what is the process of purchasing materials in
manufacturing company ?
2.What is the difference b/w invoice and Purchase order?
3.How to select,to purchase the best product/material in
manufacturing industry?

Answers were Sorted based on User's Feedback

1.what is the process of purchasing materials in manufacturing company ? 2.What is the difference ..

Answer / khan

1.The required materials indent are raised by the user
dept, then based on the reqirement we go for RFQ with
supplier..Based on the cost,leadtime,quality the materials
will be purchased satisfying the above 3 criteria.

2.Invoice is raised by the supplier, while dispatching the
materials to the customer place. PO- is raised by the
customer to supplier requesting to supply the materials.

3.based on the leadtime,cost, quality,ontime delivery, inco
(trade) terms, responsiveness.. the materials need to be

Is This Answer Correct ?    19 Yes 1 No

1.what is the process of purchasing materials in manufacturing company ? 2.What is the difference ..

Answer / randy

1. Simply put, using the ABC Class coding for item being
manufactured and/or assembled. Your question is very broad
and hard to answer since you are asking a question that
involves to many departments. But generally speaking, when
it comes to cost, ship dates, quantities ordered, the ABC
rule is best.

2. A "Purchase Order" is a legal and binding contract
between a Manufacturer and Supplier that stipulates the item
ordered, quantity of item, ship dates, and cost of item that
the Supplier agrees to supply the Manufacturer.

A "Invoice" is what the Supplier sends to the Manufacturer
after or with the items that are described in a Purchase
Order. The Invoice contains the item description, quantity
shipped, and cost of said item and is to be paid by the
Manufacturer according to the terms agreed upon either ahead
of time or as described in the Purchase Order or as noted on
the Invoice. Generally, the terms are Net 30 days.

3. All items to be purchased have a blueprint or a listing
of what this item is made of and/or a Manufacturer part
number. If it is to be a manufactured part made from a
blueprint, the purchasing agent has the responsibility to
send out for quote (3 vendor min.) and receive from the
Vendor, a list of prices based on quantity ordered. The best
product and material come from reputable and established
companies that deal with this type of product. Larger
companies have better price since they deal with larger
volumes of raw material and better machining equipment and
more experienced personnel.

Is This Answer Correct ?    5 Yes 3 No

Post New Answer

More Industrial Management Interview Questions

how would be the BSE Sensex opening points determined

1 Answers  

What is the formula to arrive the cost of a product?

1 Answers   AISA, TATA,

can anyone help me out with names of 3 leading 1)logistics companies 2) supply chain companies in the world

0 Answers  

what is quterly accounts ?

0 Answers  

Describe the present status of Indian clothing industry in terms of technologyand production.

0 Answers   Mahatma Gandhi University,

Briefly describe indias policy on import of technology?

0 Answers  

What are the difference between make to stoke and make to order strategies

1 Answers   TCS,

A. Differentiate between TRIPs and TRIMs. State the items prohibited in TRIMs. B. Briefly describe India's policy on import of technology.

3 Answers   ABC, MCom,

Explain the history and Growth of the clothing industry.

0 Answers   Mahatma Gandhi University,

A. Do you think there is a need for multilateral investment agreement? Give reasons. B. Distinguish between Foreign Direct Investment and Portfolio Investment.

2 Answers  

The lean supply chain process at toyota Motor Corporation follows the practice of having only two to four supplier partner per component .what is the effect of this on Toyota Motor Corporation ?

0 Answers  

What is MSE certificate?, It is certified by CA or not, Please clarify this.

1 Answers   Bhel,

  • Business Administration Interview Questions Business Administration (517)
  • Marketing Sales Interview Questions Marketing Sales (1279)
  • Banking Finance Interview Questions Banking Finance (3208)
  • Human Resources Interview Questions Human Resources (745)
  • Personnel Management Interview Questions Personnel Management (68)
  • Hotel Management Interview Questions Hotel Management (29)
  • Industrial Management Interview Questions Industrial Management (111)
  • Infrastructure Management Interview Questions Infrastructure Management (14)
  • IT Management Interview Questions IT Management (97)
  • Supply Chain Management Interview Questions Supply Chain Management (15)
  • Operations Management Interview Questions Operations Management (39)
  • Funding Interview Questions Funding (79)
  • Insurance Interview Questions Insurance (494)
  • Waste Management Interview Questions Waste Management (1)
  • Labor Management Interview Questions Labor Management (48)
  • Non Technical Interview Questions Non Technical (73)
  • Business Management AllOther Interview Questions Business Management AllOther (546)