Procurement manager Interview Questions

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Procurement is nothing but Buying goods, for example, Raw materials, or gadgets for the organization etc. Procurement Cycle begins when the need is generated. First of all, a tender is created by the procurement manager or the related employees and presented before the trusted Suppliers which are associated with the organization, After finalizing suppliers the next phase is the negotiations phase in which discussions are done with the suppliers with respect to price, quantity, estimated date of delivery etc., after both the parties agree a contract is framed on those negotiated terms The next process is the requisition in which the final requirement of the items are discussed and approved within the organization and presented to the suppliers as Purchase Orders(PO). Based on the purchase order the suppliers delivers the items which is acknowledged as receipts in the organization and then the invoicing and payment process can begin. This is the whole Procure to Pay process.

If you have good subject knowledge of your domain, it is easy to crack the interview. Filing knowledge of drugs is helpful.

Offcouse 120 days , As it give the opportunity to rotate the cycle of business policy

I detailed it in very specifically in short and the interviewer was completely satisfied

general answers

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