Procurement Manager

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“Procurement Manager related Frequently Asked Questions by expert members with professional career as Procurement Manager. These list of interview questions and answers will help you strengthen your technical skills, prepare for the new job interview and quickly revise your concepts”



90 Procurement Manager Questions And Answers

61⟩ Tell us how will you go about determining this company’s purchasing 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.

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62⟩ Explain me 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.

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63⟩ Tell us 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.

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64⟩ Explain me your negotiation 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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68⟩ Explain me how Are Suppliers Selected?

UNICEF suppliers are carefully chosen through a competitive bidding process, which starts with a pre-qualification stage, on the basis of quality systems/organization, adherence to ethical standards, capacity and financial soundness. UNICEF continuously evaluates its suppliers. Samples of their products are approved before contracts are awarded, and quality checks can also be made before goods are shipped or received. All supplies entering the UNICEF Copenhagen warehouse are carefully inspected according to international standards.

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69⟩ Explain me 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.

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70⟩ Explain me how Will I Know What To Include In The Specification?

The tender process will be discussed with you as soon as you have highlighted the requirement to the Procurement Service. As part of this process, the specification and requirements will be discussed, and it will be agreed with you the kind of information you need to include within your specification. Sample specifications can be provided to assist, and the Procurement Service also offer training in how to write specifications.

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71⟩ Do you know what Is A Contract Management Log?

A contract management log is a shared document between the University and the supplier that is used to capture all activities relating to the contract. Whether it is improvements, records of meetings or issues, the contract management log will help develop the current contract and also form the basis for future contracts.

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72⟩ Explain me 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 to formalize obligations and rights, to control and allocate risk, and to agree on how exceptions will be handled.

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73⟩ Suppose I Need To Write My First Specification And I Don’t Know Where To Start?

The tender process will be discussed with you as soon as you have highlighted the requirement to the Procurement Service. As part of this process, the specification and requirements will be discussed. Sample specifications can be provided to assist, and the Procurement Service also offer training in how to write specifications.

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