Buying / Procurement Officer Interview Questions And Answers

If we buy a customized product from a single source, how will you know if the price is fair?

Completing the task in assigned time frame.

Yes I enjoy travelling if its a business and pleasure trip.

I do not know much about your company but I know the required tasks and duties I need to perform.

Supervising the people who are not from the same platform and their duties.

Allign my team and suppliers to progress for timely delivery.

Yes I manage my time very well as required.

A prime source for finding new suppliers is the Thomas Register. The Thomas Register lists manufacturers by product categories and geographic location. Thomas Register supplier information can be obtained online from their website (its free), a set of their cds which can be networked within a company, and their set of catalogs. Another good source for finding suppliers is through Trade Associations, most can be accessed online. Another good source is globalguideline.com and internet search engines such as google.com which can be used to search for specific products, commodities, jobs, and iterviews or companies.

This reveals how often candidates “roll up their sleeves,”. It can also reveal their analytical skills.

Employers are asking this question to check your problem solving skills to improve the present situation and to check how much you are updated with the present market challenges.

So, a good answer probably, that as companies are challenged with finding ways to meet ever-rising customer expectations at a manageable cost. To do so, businesses must identify which parts of their supply chain process are not competitive, understand which customer needs are not being met, establish improvement goals, and rapidly implement necessary improvements.

This is a good question for a lot of prospective employers to ask you at the start of the interview, as it allows them to weigh up your motivations. Obviously this question requires you to understand the job advert/spec inside and out, so have a good think about why you wanted to apply. There are lots of different reasons you could use; it could be that it was the company in particular or a specific aspect of the job description that you were interested in. That said; try not to use the salary as a reason, it just looks like you’re only in it for the money, which is never a good sign for a prospective employer.

At the time when we need a material just for back up , six months ahead of project.

For the past five years I have been integral in the preparation of the budget for the eastern division this involves.

You cannot reject a shipment by just returning it without stating why the shipment is rejected. The UCC states that you must particularize your objections to the goods.

Excel spreadsheets and diaries help to make sure I can track and monitor progress at all times when working on projects.

Till the time I reach to CEO position with skills and performance.

Iam 41 years old completed my MBA with marketing specialization . I started my career as a sales executive with an electrical company in my home town and reached to the level of general manager with my skills and experience.

Inventory turns is the annual cost of the inventory issued divided by the average monthly inventory value.

The average monthly inventory value is calculated by adding the past 12 monthly inventory values and dividing the total by 12. At the end of each subsequent month, add the latest month's inventory value and delete the 12th most distant monthly inventory value.
The annual cost of issues is calculated by adding the past 12 monthly cost of inventory issues. At the end of each subsequent month, add the latest month's cost of inventory issues and delete the 12th most distant month.

Example: Annual Cost of Issues/ Average Monthly Inventory Value = Inventory Turns $400,000/$100,000 = 4.0 Turns.

There are many scanrios where we had dispute getting delivery, warranty support and price escalation. In the case of delivery, to work out milestones and depute person at supplier premises, warranty support - to prove that it is uppliers fault. If not then use tool of invoking BG, price escalation > evaluate current trends and settle price.

Personally visiting supplier plants, checking their quality and production schedules.

Employers are asking this question to find out how much research you’ve done and whether you’ve got a full understanding of the company and the role. If you have got no clue about the company’s purchase and logistics department, then tell them you do your research and find out what sort of improvement is needed.

You can then go on to describe it- the most frequent challenges of purchase and logistics and you can also add the achievements you have got from your present employer.

Pressure is actually a catalyst to my work. When there is an imperative deadline, I refocus my energy into my work which in fact, has helped me to produce some of my best works. (Give examples) I guess you can say I thrive under pressure.

When supplier delayed the material and plant has stopped, I keep a emergency back up supplier and got the material from other supplier for little extra price.

Will try to solve the issue with supplier and their concerned senior department and will try to get the order deliver with in a short time and sourcing other supplier for back up.

Analyzing and checking with multiple supplier and their quality.