Purchase Executive

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“Purchase Executive related Frequently Asked Questions by expert members with job experience as Purchase Executive. These questions and answers will help you strengthen your technical skills, prepare for the new job interview and quickly revise your concepts”



25 Purchase Executive Questions And Answers

21⟩ Basic 10 Purchase Executive Interview Questions

☛ 1. How will you go about determining this company’s purchasing 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 information. 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?

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22⟩ Top 10 Purchase Executive Job Interview Questions

☛ 1. What have been the biggest achievements in your procurement career?

☛ 2. What do you like most and least about procurement?

☛ 3. Give an example of a time when you have had a difficult experience with a stakeholder and how you resolved it.

☛ 4. What tools and techniques would you use to implement a company-wide operational change driven by a procurement need to save money? And how would you get buy-in from stakeholders?

☛ 5. What has been the hardest lesson you have learnt in procurement?

☛ 6. Give an example when your perseverance resulted in a win for you and your organisation?

☛ 7. Who has had the biggest influence of your career? And how have they helped shape you?

☛ 8. What ongoing education are you undertaking?

☛ 9. What would you like to be doing in two or three years? And what is your career goal in 10 years’ time?

☛ 10. What attracted you to apply for this role and to work this company?

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23⟩ Tell us what are the ways you would select to improve the purchase & logistics department of our company?

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.

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25⟩ Explain me what is your viewpoint of management as Purchase Executive?

The aim of this question is to ascertain the kind of leader you are. If you ever get to hold a management position in their firm, how would you handle issues of workload delegation or teach your subordinates?

I am of the opinion that a team should have specific individuals who are experts or most qualified to handle certain tasks, so as a leader, I would distribute the workload as evenly as possible to ensure that the best hands for different tasks are put where they are most effective. This will be done by ensuring that every member of the team has the skill and resource needed to complete his/her tasks.

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