Procurement (and Purchasing) Job Interview Questions & Answers - Supply Chain Game Changer™ (2023)

Table of Contents
1. How will you go about determining this company’s spending patterns? 2. If we buy a customized product from a single source how will you know if the price is fair? 3. All we have is raw purchasing transaction data. What can you do to make sense of it? 4. How do you define cost savings in a way that will be embraced by Executive management? 5. What factors would you consider if you had to produce cost savings in a short time frame? 6. What process do you go through when conducting a sourcing initiative? 7. How do you decide if you need a contract for a purchase or not? 8. What are some appropriate remedies for a supplier’s failure to perform? 9. How can we reduce our risk through better contract language? 10. What tools do you use to keep track of progress on your projects? 11. What techniques do you use to accelerate progress on your projects? 12. Have you used Vendor management software? 13. What is a purchase requisition and how would you process it? 14. What are some questions you could ask when asking for supplier references? 15. Are you familiar with UCC (Uniform Commercial Code)? 16. How would you implement company-wide change driven by Procurement to save money, and how would you get buy-in? 17. How do you negotiate with a difficult supplier? 18. Describe your negotiating skills and tactics 19. If a department wants to order equipment that’s beyond budget what would you do? 20. Can you explain the Purchasing process step by step? 21. Which are the key Procurement metrics? 22. How do you keep records of supplies? 23. What is risk management? 24. What would make you search for a new supplier? 25. How do you build a Sourcing Strategy? Related FAQs Videos

20 Supply Chain Job Interview Questions and Answers!

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. This is particularly apparent if you are conducing a job interview and hiring a Procurement professional, you are looking for a Procurement job, you are looking to outsource anything, or you are dealing with Procurement people in the course of conducting business.

Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals.

Check out this list of 25 Procurement and Purchasing and Supply Chain interview questions and answers.

Ensure that your resume is written appropriately as well in advance of the interview, with these questions in mind. Use a professional writing service like advancedwriters.com review if you need assistance.

1. How will you go about determining this company’s spending patterns?

The basis for determining an organization’s purchasing patterns is conducting a spend analysis and building a spend profile. A well-done spend profile will reveal things like the amount of money your organization spends on each category of goods and services it purchases, the amount of money spent with each supplier, changes in spend over time, and other valuable information.

Further analyzing that spend can help you determine opportunities for implementing cost savings practices like supplier consolidation,strategic sourcing, and standardization. Spend analysis can be conducted using a variety of tools, from deploying the most cutting-edge source-to-pay software to using PivotTables in Microsoft Excel spreadsheets.

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

Price comparison is easy when you are buying a standard product that is offered by multiple suppliers. You have easy access to price data points for comparison. But, when you are purchasing a customized product from a single source, you do not have the luxury of multiple price data points. Therefore, you need to use other techniques. One of those other techniques is using a “should cost model.”

3. All we have is raw purchasing transaction data. What can you do to make sense of it?

Raw purchasing transaction data can take up a lot of space on a screen or in a report. It can appear useless. But, modern technology can help you transform that data into information and intelligence. And you don’t need to purchase an expensive procurement technology suite to do so.

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Microsoft Excel offers many functions that can be very useful for analyzing raw purchasing transaction data. From simple sorting and subtotals to using PivotTables, you can conduct a very thorough spend analysis using Excel alone.

4. How do you define cost savings in a way that will be embraced by Executive management?

Historically, there has been a gap between what procurement professionals consider to be “cost savings” and what executive management considers to be cost savings. You see, executive management uses standard financial statements as their “scorecard” for the business.

Some procurement professionals have never made an effort to understand how financial statements work. Therefore, they have a difficult time reporting cost savings in a way that people using financial statements will consider legitimate.

To define cost savings in a way that will be embraced by executive management, you need to communicate cost savings in a way that can be reconciled with data on the organization’s official financial statements using the “language of accounting.”

5. What factors would you consider if you had to produce cost savings in a short time frame?

When it comes down to it, you can look at just two aspects of spend to determine whether a category is ripe for producing cost savings in a short time frame: effort and impact. You can create a quadrant representing the four combinations of these two factors.

All categories of spend identified in your spend analysis should be assigned to one of these quadrants. The categories of spend with low effort and high impact should be the first ones considered if you had to produce cost savings in a short time frame.

6. What process do you go through when conducting a sourcing initiative?

The Next Level Purchasing Association’s “10 Phase Approach to World-Class Sourcing” has become a globally-used best practice for conducting a sourcing initiative in the most organized, effective manner.

7. How do you decide if you need a contract for a purchase or not?

There may be an infinite number of reasons that two parties feel that they need a contract. However, in our online course “Supply Management Contract Writing,” we explore six in detail, including when to formalize obligations and rights, to control and allocate risk, and to agree on how exceptions will be handled.w

8. What are some appropriate remedies for a supplier’s failure to perform?

There are a great number of remedies you can use to deal with a supplier’s failure to perform. The key is to know which remedy is appropriate for each situation and to contractually apply that remedy properly.

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For example, two available remedies are cover damages and contract termination. Cover damages involve you collecting from your contracted supplier any premium you had to pay to another supplier to enable you to require from the contracted supplier’s failure. Termination enables you to cancel a contract completely with a supplier.

If there was one small failure in the middle of a massive and important five-year contract with a great supplier, would you want to completely terminate that contract? Probably not.

In that case, cover damages would be a more appropriate remedy as your organization would be able to recover any financial loss without having the entire future of a project put at risk while you switch suppliers. Cover damages and termination are only two of the many remedies we teach in our online course, “Supply Management Contract Writing.”

9. How can we reduce our risk through better contract language?

Poorly written contracts either don’t address or don’t clearly address what happens in situations that can be described as the fruition of risk. Well-written contracts reduce risk by specifying exactly what will happen in the event that certain disruptive events occur. For example, a well-written delivery article with a liquidated damages clause can provide a supplier with sufficient incentive to completely avoid the possibility of a late delivery.

A well-written indemnity clause can provide legal protection in a case where damage, injury or death occurs and the cause is related to a supplier’s performance. And a Force Majeure clause can help your organization avoid being penalized when its failure to perform was due to an “act of God” or other factors outside of its reasonable control.

10. What tools do you use to keep track of progress on your projects?

Projects should always be kept track of using tools available in modern technology. Microsoft Project is an excellent project management software program that leading procurement professionals use to track their projects.

11. What techniques do you use to accelerate progress on your projects?

Even when a project is expertly planned using a great tool like Microsoft Project, the realities of the business world will occasionally require you to accelerate progress on your project.

In our online course “Professional Purchasing Project Management,” we teach four techniques for accelerating progress on a procurement project: increasing resource units, finding ways to reduce the projected duration of tasks, adding resources and modifying working hours. These changes are implemented in real life as well as within the project plan.

12. Have you used Vendor management software?

Vendor management software can be an excellent resource for supporting all of the processes that every procurement department should be doing: keeping track of vendor performance metrics, drawing attention to sub-par vendor performance, and identifying opportunities for vendor performance improvement.

13. What is a purchase requisition and how would you process it?

A purchase requisition is an electronic or paper document that makes an internal customer’s request for a purchased product or service official. How a requisition is processed will depend on the procurement technology available in your organization as well as the characteristics of the requested purchase.

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For example, if the request is for a commonly purchased item from a contracted supplier, your organization’s source-to-pay system may automatically convert the requisition to a purchase order and dispatch it to the appropriate supplier without any manual intervention from the procurement department.

Or, if the request is for an expensive service that has never been bought by your organization before, you may want to begin a sourcing process at Phase I of the NLPA’s “10 Phase Approach to World-Class Sourcing.”

14. What are some questions you could ask when asking for supplier references?

InPurchTips edition #215, the NLPA introduced you to four of our favorite questions to ask supplier references:

  • What’s your relationship with the supplier?
  • How do you interact with the supplier?
  • Describe a situation where the supplier disappointed you and how they responded.
  • What are some things you wish the supplier would do differently?

15. Are you familiar with UCC (Uniform Commercial Code)?

If you operate in the United States and purchase goods from US suppliers, you should be familiar with the UCC. It is the body of law that covers the purchase and sale of goods within the US above a certain monetary threshold.

16. How would you implement company-wide change driven by Procurement to save money, and how would you get buy-in?

One of the worst things a procurement department can do to drive enterprise-wide change is to communicate the changes as if they were procurement-driven. Many, if not most, stakeholders will not care much about supporting procurement initiatives, especially when it involves inconvenient change to their work.

Instead, procurement must work closely with senior management to help brand the operational changes as a senior-management driven initiative that will be supported by procurement helping the various departments save the money stakeholders will be held accountable for saving. When approached in this manner, stakeholders will view the changes as mandatory and strategic and will view the procurement department as a helpful partner.

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17. How do you negotiate with a difficult supplier?

Difficult suppliers must be approached carefully during a negotiation. The circumstances should be considered when deciding on negotiation techniques. The more suppliers available as alternatives allows the procurement department to use more “hardball” style negotiation tactics.

The fewer alternatives available will require the procurement department to use more “selling” style persuasion techniques.

18. Describe your negotiating skills and tactics

A procurement professional should have a large arsenal of negotiation skills and tactics. Suppliers and circumstances can vary tremendously from negotiation to negotiation, so today’s procurement professional should be able to choose from a large array of negotiation skills and tactics to deploy based on the situation. Win-win negotiation skills and tactics are particularly important to have in this arsenal.

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19. If a department wants to order equipment that’s beyond budget what would you do?

There are many options available for handling a request to make a purchase that exceeds an internal customer’s budget. Refusing to place the order is only one – and possibly the least professional – approach to take. One option that can be explored with the internal customer is leasing the equipment instead of buying it.

20. Can you explain the Purchasing process step by step?

Even in the most tactical procurement roles, a buyer should be able to visualize the purchasing process from beginning to end. Each of these nine steps of the tactical purchasing process should be known inside and out:

  • Determining a need
  • Communicating the need
  • Reviewing the need
  • Finding potential suppliers
  • Conducting bidding and/or negotiation
  • Selecting a supplier
  • Formalizing the commitment
  • Following up
  • Closing out the transaction

21. Which are the key Procurement metrics?

Every organization has different goals and different situations. Therefore, the optimal procurement metrics for one organization may not be the optimal procurement metrics for another organization. That being said, there are 10 Procurement Key Performance Indicators that all procurement departments should consider including in their metrics.

Of course, some of these may not apply and others that are not mention should be included. Therefore, please consider these metrics more of a starting point for ideas than a standard set of metrics:

  • Cost savings
  • Managed spend as a percentage of total spend
  • Cost savings as a percentage of managed spend
  • Procurement operating costs as a percentage of managed spend
  • Return on investment
  • Percent of on-time supplier deliveries
  • Supplier defect rate
  • Customer satisfaction
  • Procurement cycle time
  • Value of supplier idea implementation

22. How do you keep records of supplies?

Whether or not records are kept of supplies depends on a number of factors such as the cost of supplies, use of supplies (for consumption versus for use in manufacturing or billable services), the cost of poor supply record keeping versus the cost of keeping records and so forth.

However, for higher value, higher volume supplies that are considered direct costs, a computerized inventory management system should be used to track supplies. This is important for a number of reasons including accounting accuracy, replenishment efficiency, and others.

23. What is risk management?

Simplified, risk management is the process of identifying things that can go wrong, having a plan for handling those things if they do go wrong, and executing that plan. Procurement risk management is risk management applied to handling things that can interrupt the incoming flow of purchased goods and services and the costs thereof.

24. What would make you search for a new supplier?

There are many factors that would compel a procurement professional to search for a new supplier. These range from getting an internal customer’s request for a product or service never before purchased by the organization before to the failure of an existing supplier.

25. How do you build a Sourcing Strategy?

The first step of building a sourcing strategy is creating a Savings Strategy Outline. A Savings Strategy Outline will list all tasks that you plan to accomplish during a sourcing initiative. For each of those tasks, you will list target commencement dates, actual commencement dates, target completion dates, actual completion dates, target annual savings and actual annual savings.

Obviously, at the beginning of your sourcing initiative, your Savings Strategy Outline will only contain target dates. But, as you progress through your sourcing initiative, you will add actual dates.

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Job interview article and permission to publish here provided by Nikita S at nextlevelpurchasing.com. Originally published on Supply Chain Game Changer on January 9, 2019.

Related

FAQs

What are the questions asked in procurement interview? ›

Interview Questions for Procurement Officers:
  • What qualities do you look for in a supplier? ...
  • Can you describe a situation when you had to negotiate a contract? ...
  • How do you communicate to managers that their purchasing request was rejected? ...
  • What purchasing software are you familiar with?

What are the questions asked in supply chain interview? ›

Here are general supply chain interview questions you can use: In your own words, what is the supply chain, and why is it important? How will you add value to our supply chain team with your experience and competencies? How would you deal with the situation if you ran out of stock?

How do you answer interview questions about purchasing? ›

Role-specific questions
  • How has your background prepared you for this role in our company?
  • What do you need to consider when buying a product?
  • What are your strategies for discovering the best products?
  • What factors would you consider when closing a deal with a supplier?
  • What is your experience in creating reports?

How do you answer tell me about yourself for procurement? ›

Q1. Tell me about yourself? SUGGESTED ANSWER: “I am a standards-driven, ambitious and professional Procurement Officer who understands the responsibility that comes with the role.

What are the 5 P's in procurement? ›

Power, People, Processes, Planning, and Prevention are 5 of the most important factors to analyze when considering a major purchasing decision: The Five P's of a Major Purchase! Consider these factors carefully and you will be on your way to producing mail with your new investment in production capabilities.

What are the 3 basic supply chain? ›

There are three main flows of supply chain management: the product flow, the information flow, and the finances flow. The Product Flow – The product flow involves the movement of goods from a supplier to a customer. This supply chain management flow also concerns customer returns and service needs.

What were the 4 basics of supply chain? ›

Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive. Communicating and collaborating with all parties is a business strategy that eliminates errors and saves money.

What are six key supply chains? ›

These drivers are; Facilities, Inventory, Transportation, Information, Sourcing and pricing.

What are the 3 key functions in procurement? ›

Top 5 Most Important Job Functions for a Procurement Department
  • Sourcing. It starts by qualifying suppliers before initiating negotiations. ...
  • Negotiation. ...
  • Contracting. ...
  • Monitoring of suppliers' performance. ...
  • Compliance with business protocols. ...
  • Leveraging technology to help in procurement functions.
6 Oct 2020

Why should we hire you for procurement? ›

I want to broaden and deepen my procurement experience. I possess the fundamental abilities required for this position and would like to develop them further. These include effectively applying specialized logistics and procurement knowledge to source goods timely.

Can you describe 3 strengths you would bring as a purchasing assistant? ›

Ability to remain calm under pressure. Exhibits interpersonal skills. Demonstrates problem-solving skills.

What is procurement easy words? ›

Procurement is the act of obtaining or purchasing goods or services, typically for business purposes. Procurement is most commonly associated with businesses because companies need to solicit services or purchase goods, usually on a relatively large scale.

What is the difference between purchasing and procurement? ›

Procurement is the process of finding and agreeing to the terms of a purchase. It includes identifying potential suppliers, negotiating contracts, and selecting the supplier that offers the best value for money. Purchasing is the actual act of buying goods and services.

What do you do when a supplier fails to perform? ›

6 techniques to deal with a supplier that doesn't deliver on time
  1. 1/ Set clear expectations and consequences. ...
  2. 2/ Be prepared to interrogate. ...
  3. 3/ Understand the route cause. ...
  4. 4 / Provide feedback on performance. ...
  5. 5/ Be prepared to take criticism if your part of the problem. ...
  6. 6/ Follow up.

What are the 4 types of purchasing? ›

The four types of purchase orders are:

Standard Purchase Orders (PO) Planned Purchase Orders (PPO) Blanket Purchase Orders (BPO) (Also referred to as a “Standing Order”) Contract Purchase Orders (CPO)

What are the 3 types of procurement? ›

There are three main types of procurement activities: direct procurement, indirect procurement, and services procurement.

What are the 7 rights of purchasing? ›

Getting the Right product, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right price.

What are the 4 steps in purchasing? ›

Before you get started, it's important to know the basics; here are our four steps explaining the procurement process:
  1. 1 – Identifying need. The procurement process always starts with the same component – need. ...
  2. 2 – Supplier evaluation and selection. ...
  3. 3 – Purchase order. ...
  4. 4 – Delivery.
26 Jun 2017

What are the 4 flows in supply chain? ›

Our investment thesis in the supply chain vertical is founded in 4 important flows: Cargo, Information, Documents and Financial.

What are the 7 supply chain functions? ›

While supply chain is a very broad career field, it has 7 primary functional areas: Purchasing, Manufacturing, Inventory Management, Demand Planning, Warehousing, Transportation, and Customer Service.

What are 3 common supply chain risks? ›

Most of the risks that could disrupt your operations fall into four broad categories: economic, environmental, political and ethical.

What are the 5 stages of the supply chain? ›

Supply chain management has five key elements—planning, sourcing raw materials, manufacturing, delivery, and returns.

Is procurement a part of supply chain? ›

As it stands, procurement exists as a branch of supply chain management since it assists in getting the inputs that get processed into finished products.

What are the 4 factors of supply? ›

2. Factors affecting supply
  • a. Price. Price can be understood as what the consumer is willing to pay to receive a good or service. ...
  • b. Cost of production. The supply of a product and the cost of production is adversely related to each other. ...
  • c. Technology. ...
  • d. Governments' policies. ...
  • e. Transportation condition.
21 Oct 2021

What are the 8 supply chain processes? ›

The Supply Chain Management Process includes the building blocks of Supply Chain Management are Strategic Planning, Demand Planning, Supply Planning, Procurement, Manufacturing, Warehousing, Order Fulfillment and Transportation business processes.

What is supply chain in simple words? ›

A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.

Do all supply chains have 4 levels? ›

The four modern supply chain levels that businesses and companies need and put in use today to run their operations are retailer, wholesaler, manufacturer, and service provider. Since every level of supply chain has it own long list of unique job descriptions.

What is procurement cycle? ›

The procurement cycle is the process of selecting a vendor, buying goods or services from them and managing their ongoing performance. Also known as the procurement life cycle, purchasing cycle or sourcing cycle, the procurement process is, indeed, circular in most cases.

What are the risks in procurement? ›

6 Common Procurement Risks
  • Inaccurate Needs Analysis. ...
  • Inadequate Vendor Management & Sourcing. ...
  • No Supply Chain Risk Management. ...
  • Underdeveloped Contract Management Processes. ...
  • Lack of Automation. ...
  • Poor Procurement Planning. ...
  • Strengthen Supplier Relationships. ...
  • Streamline and Automate Procurement and Supply Chain Risk Processes.
17 Jun 2022

How do you manage risks in procurement? ›

Procurement risks and how to manage them
  1. Reduction in waste.
  2. Better use of resources.
  3. Improved service delivery.
  4. Improved supplier and client relationships.
  5. Improved customer service.
  6. More effective change management.
  7. Increased innovation.
  8. More informed decision making throughout the business and supply chain.

What are 3 strengths that I have? ›

Some examples of strengths you might mention include:
  • Enthusiasm.
  • Trustworthiness.
  • Creativity.
  • Discipline.
  • Patience.
  • Respectfulness.
  • Determination.
  • Dedication.

What are your strengths for procurement? ›

Top 10 Winning Skills for Procurement Professionals
  • Strategic Management. Industrial companies manufacture and deliver products specific to their target markets. ...
  • Category Management. ...
  • Project Management. ...
  • Relationship Management. ...
  • Negotiation Skills. ...
  • Financial Acumen. ...
  • Analytical Skills. ...
  • Technology Aptitude.

What are the 10 steps of purchasing? ›

Understanding 10 Stages of the Procurement Cycle
  • Determine Your Business Needs. ...
  • Complete a market analysis. ...
  • Compile a list of suitable suppliers. ...
  • Produce Tender Documents. ...
  • Issue RFI, RFQ, or RFP. ...
  • Negotiate and award the contract to your preferred supplier. ...
  • Finalize the purchase order. ...
  • Process Payment.
8 Feb 2022

What is the key of procurement? ›

A strong procurement process is key to the financial efficiency of any business. It aids in paying the right price for goods and services, minimises delivery times and helps you choose the best partners to work with your business. How a procurement process looks is completely dependent on the size and type of business.

What is purchasing and procurement with examples? ›

Procurement concentrates on the strategic process of product or service sourcing, for example researching, negotiation and planning, whilst the purchasing process focuses on how products and services are acquired and ordered, such as raising purchase orders and arranging payment.

Is procurement same as inventory? ›

The task of inventory management is one of the facets of procurement management that brings the entire process in the supply chain full circle. There's more logistics and work that is required when inventory management is included, but it can afford the procurement team more control over their actions.

What are the different types of purchasing? ›

Types of Purchases
  • Personal Purchases.
  • Mercantile Purchasing.
  • Industrial Purchasing.
  • Institutionalized or government purchasing.

What is inventory in procurement? ›

Inventory is the accounting of items, component parts and raw materials that a company either uses in production or sells. As a business leader, you practice inventory management in order to ensure that you have enough stock on hand and to identify when there's a shortage.

How do you resolve supplier conflict? ›

Dealing With a Dispute
  1. Step 1: Contact Your Supplier. After reviewing your contract and understanding your position, you should try to resolve the matter directly with your supplier. ...
  2. Step 2: Issue a Formal Letter of Demand. ...
  3. Step 3: Contact a Resolution Authority. ...
  4. Step 4: Take Legal Action.
8 Jan 2019

What must you do when refusing supply to a customer? ›

Clarify refusal: Always be very clear why you are refusing to serve the customer - focus on the behaviour and not the person. Point out signs or provide information on the law to reinforce your reasons.

How do you manage supplier delays? ›

Here are a few ideas:
  1. Keep Your Supplier Relationships Strong. It's unlikely that any of your suppliers will burn you due to apathy. ...
  2. Watch for Issues Proactively. ...
  3. Communicate With Your Business Partners and Customers. ...
  4. Utilize Inventory Management Software. ...
  5. Learn How to Track Shipments and Report Delays.
14 Sept 2020

› Blog ›

Procurement Vs Purchasing · Receive purchase requisitions · Evaluate quotes from suppliers · Raise and process purchase orders (PO) &middot...

What Is Procurement?

https://www.investopedia.com › Business › Supply Chain
https://www.investopedia.com › Business › Supply Chain
Procurement is the act of obtaining or purchasing goods or services, typically for business purposes. Procurement is most commonly associated with businesses be...
Procurement Management. Procurement management follows a logical order. First, you plan what you need to contract; then you plan how you'll do it. Next, you...

What are the 3 key functions in procurement? ›

Top 5 Most Important Job Functions for a Procurement Department
  • Sourcing. It starts by qualifying suppliers before initiating negotiations. ...
  • Negotiation. ...
  • Contracting. ...
  • Monitoring of suppliers' performance. ...
  • Compliance with business protocols. ...
  • Leveraging technology to help in procurement functions.
6 Oct 2020

What are the three P's in procurement? ›

The Three P's of Procurement

There are three Ps in the procurement management process; people, process, and paper.

What are the 10 most common interview questions and answers? ›

10 most common interview questions and answers
  • Tell me about yourself.
  • What attracted you to our company?
  • Tell me about your strengths.
  • Tell me about your strengths.
  • Where do you see yourself in five years?
  • Tell me about a time where you encountered a business challenge?

What are the 4 stages in spend analysis in procurement? ›

Spend analytics is the process of collecting, cleansing, classifying, and analyzing spend data through either dedicated software or one-off spend cubes.

What are the 3 types of purchasing? ›

Types of Purchases
  • Personal Purchases.
  • Mercantile Purchasing.
  • Industrial Purchasing.
  • Institutionalized or government purchasing.

What is P2P cycle? ›

"Procure to pay," or P2P, is the full cycle of actions and events that a business engages in when they require goods or services from an outside supplier. This cycle describes the steps that a company must take to procure the items and pay the appropriate remittance to the supplier, less any discounts and adjustments.

What are the 5 hardest interview questions? ›

The most difficult interview questions (and answers)
  • What is your greatest weakness?
  • Why should we hire you?
  • What's something that you didn't like about your last job?
  • Why do you want this job?
  • How do you deal with conflict with a co-worker?
  • Here's an answer for you.

What are the 8 hardest interview questions and answers? ›

The 10 hardest interview questions (and how to answer them)
  • Tell us about yourself. ...
  • What are your weaknesses? ...
  • Why do you want to change jobs? ...
  • Where do you see yourself in five years? ...
  • How Would Your Colleagues Describe You? ...
  • What did you like most/least about your last job? ...
  • Tell Me About a Mistake You've Made.
16 Jun 2021

What are the 4 steps in purchasing? ›

Before you get started, it's important to know the basics; here are our four steps explaining the procurement process:
  1. 1 – Identifying need. The procurement process always starts with the same component – need. ...
  2. 2 – Supplier evaluation and selection. ...
  3. 3 – Purchase order. ...
  4. 4 – Delivery.
26 Jun 2017

What are three steps in the purchasing procedure? ›

The 7 Key Steps of a Procurement Process
  1. Step 1 – Identify Goods or Services Needed. ...
  2. Step 2 – Consider a List of Suppliers. ...
  3. Step 3 – Negotiate Contract Terms with Selected Supplier. ...
  4. Step 4 – Finalise the Purchase Order. ...
  5. Step 5 – Receive Invoice and Process Payment. ...
  6. Step 6 – Delivery and Audit of the Order.
17 Sept 2019

What are the 3 steps in steps in the purchasing cycle? ›

It is the journey or buying process that consumers go through to become aware of, evaluate, and purchase a new product or service, and it consists of three stages that make up the inbound marketing framework: awareness, consideration, and decision.

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