Ques:- Given an upcoming product release, how would you solve supply constraints and expand a supplier base?
Asked In :-
Daimler India Commercial Vehicles, Alfanar, Fitter, ITC Indian Tobacco Company, Manali Petrochemicals, Yazaki, Bhavna, Varun Beverages, Daimler, Tube Investments of India,
Right Answer:
To solve supply constraints and expand the supplier base for an upcoming product release, I would:
1. Assess current suppliers to identify capacity limitations.
2. Engage with existing suppliers to negotiate increased production or prioritize our orders.
3. Research and identify potential new suppliers who can meet our quality and capacity requirements.
4. Evaluate new suppliers through a rigorous vetting process, including quality checks and financial stability assessments.
5. Establish relationships with multiple suppliers to diversify risk and ensure a steady supply.
6. Consider alternative materials or components that could alleviate constraints.
7. Implement a demand forecasting system to better align supply with anticipated needs.
8. Maintain open communication with all suppliers to monitor capacity and adjust plans as necessary.
To solve supply constraints and expand the supplier base for an upcoming product release, I would:
1. Assess current suppliers to identify capacity limitations.
2. Engage with existing suppliers to negotiate increased production or prioritize our orders.
3. Research and identify potential new suppliers who can meet our quality and capacity requirements.
4. Evaluate new suppliers through a rigorous vetting process, including quality checks and financial stability assessments.
5. Establish relationships with multiple suppliers to diversify risk and ensure a steady supply.
6. Consider alternative materials or components that could alleviate constraints.
7. Implement a demand forecasting system to better align supply with anticipated needs.
8. Maintain open communication with all suppliers to monitor capacity and adjust plans as necessary.
