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Ramraj cotton Interview Questions and Answers
Ques:- What is Bill Of material what information it contains?
Right Answer:
A Bill of Materials (BOM) is a comprehensive list of all the materials, components, and assemblies required to manufacture a product. It typically contains information such as part numbers, descriptions, quantities, units of measure, and the hierarchy of components.
Ques:- What the normal terms and conditions in a agreement while signing it with a supplier?
Right Answer:
Normal terms and conditions in an agreement with a supplier typically include:

1. **Scope of Work**: Description of goods/services provided.
2. **Pricing and Payment Terms**: Cost, payment schedule, and methods.
3. **Delivery Terms**: Delivery dates, locations, and responsibilities.
4. **Quality Standards**: Specifications and quality requirements.
5. **Warranties and Guarantees**: Assurance of product/service quality.
6. **Confidentiality**: Protection of sensitive information.
7. **Termination Clause**: Conditions under which the agreement can be ended.
8. **Liability and Indemnification**: Responsibilities for damages or losses.
9. **Dispute Resolution**: Process for resolving conflicts.
10. **Compliance with Laws**: Adherence to relevant laws and regulations.
Ques:- What is the CCS?
Right Answer:
CCS stands for "Carbon Capture and Storage." It is a technology used to capture carbon dioxide emissions from sources like power plants and store it underground to prevent it from entering the atmosphere.
Ques:- What are the different types of matching such as 2 way, 3 way or 4 way and why these are required?
Right Answer:
In supply chain management, matching refers to the process of verifying and reconciling documents related to a purchase. The different types of matching are:

1. **Two-Way Matching**: Compares the purchase order and the invoice. This ensures that the goods received match what was ordered and billed.

2. **Three-Way Matching**: Compares the purchase order, the invoice, and the receiving report. This ensures that the order, the invoice, and the actual goods received are all consistent.

3. **Four-Way Matching**: Compares the purchase order, the invoice, the receiving report, and the contract or agreement. This ensures that all aspects of the transaction are aligned, including terms and conditions.

These matching processes are required to prevent discrepancies, ensure accuracy in payments, and maintain financial control within the supply chain.
Ques:- Working experience, expectations, working capacity, working challenges
Right Answer:
I have extensive experience in quality assurance management, overseeing teams to ensure product quality and compliance with standards. My expectations include fostering a collaborative environment, continuous improvement, and effective communication. I am capable of managing multiple projects simultaneously while maintaining high standards. Challenges I face include adapting to rapid changes in technology and ensuring team alignment with organizational goals.
Ques:- How can reduction in repo rate contribute credit cycle?
Right Answer:
A reduction in the repo rate lowers the cost of borrowing for banks, which encourages them to lend more to businesses and consumers. This increased lending stimulates spending and investment, thereby contributing to a positive credit cycle.
Ques:- Which of these roles are the best and most popular?
Right Answer:
The best and most popular roles in Quality Assurance are Quality Assurance Analyst, Quality Assurance Engineer, and Test Manager.
Ques:- Is GMP necessary if there is a quality control laboratory?
Right Answer:
Yes, GMP (Good Manufacturing Practices) is necessary even if there is a quality control laboratory, as it ensures that products are consistently produced and controlled according to quality standards throughout the manufacturing process.
Ques:- How do you determine the numbers to use in the EOQ formula?
Right Answer:
To determine the numbers to use in the EOQ formula, you need the following:

1. **Annual Demand (D)**: The total quantity of inventory needed for the year.
2. **Ordering Cost (S)**: The cost incurred each time an order is placed, regardless of the order size.
3. **Holding Cost (H)**: The cost to hold one unit of inventory for a year, including storage, insurance, and depreciation.

Once you have these values, you can plug them into the EOQ formula:

[ EOQ = sqrt{frac{2DS}{H}} ]
Ques:- What knowledge do you have about the services offered by our company?
Right Answer:
I am aware that your company offers a range of services including inventory management, supply chain optimization, and financial accounting solutions. You focus on enhancing operational efficiency and providing accurate financial reporting to support business growth.
Ques:- STOCKING, PLANNING, FOOD SAFTY
Right Answer:
Effective stocking and planning in inventory management involve maintaining optimal stock levels to meet demand while ensuring food safety by following proper storage practices, monitoring expiration dates, and adhering to health regulations.
Ques:- What is the significance of responsibility in oracle applications?
Right Answer:
In Oracle Applications, responsibility defines the access and permissions a user has within the system, determining which functions, data, and reports they can view and interact with.
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