1⟩ Are you tired of not getting enough opportunities, respect, and money out of your procurement career?
Well, guess what? Nothing will change unless you take action towards becoming a world-class procurement professional.
Purchasing Manager
Home Business and Economy Purchasing Manager
“Purchasing Manager Frequently Asked Questions by expert members with experience in Purchasing Manager. These questions and answers will help you strengthen your technical skills, prepare for the new job test and quickly revise the concepts”
50 Purchasing Manager Questions And Answers
2⟩ How Do You Build a Sourcing Strategy?
A good interview question for a strategic sourcing manager often involves strategy building. If you can determine how competitive the supplier marketplace is, how supportive your internal stakeholders are and what you can leverage for better pricing or terms, and if you can explain how to reduce complexity, increase productivity, reduce costs and create improvements, you'll be viewed in a positive light. Cite specific examples of cost reductions you've negotiated as a result of your strategic sourcing.
3⟩ What is your greatest strength as Purchasing Manager?
Ability to work under stress, hard worker, work with a team work.
4⟩ What are your career goals as Purchasing Manager?
To reach to be Purchasing manager standards with six sigma black belt.
5⟩ Do you know how to create budgets?
Yes, liaises with the financial department and collect alot of prices and compare to get the best deal.
6⟩ Why should we hire you as Purchasing Manager?
I think I have a good experience and need to learn a lot of things quickly and I have ability to work under stress and I have a talent to filling the orders form and send the order and follow it till delivery to warehouse and make po's at mr's system and pricing the items and calculate the margin.
7⟩ Do You Belong to Any Professional Organizations?
Being a good strategic sourcing manager involves monitoring inventory levels and negotiating with vendors and business partners. Networking with other business professionals demonstrates an interest in a broad perspective and continuous improvement. If you have a credential from the American Purchasing Society, the Association for Operations Management and the National Institute of Governmental Purchasing, mention it in response to this question. Some companies may be interested in the Project Management Professional credential from the Project Management Institute.
8⟩ What's your Typical Sourcing Strategy?
Employers want to know details about your experience conducting strategic sourcing activities. This provides an opportunity for you to explain how organization's divide their spending into categories that relate to supplier markets and how categories are then further divided by business or function. This helps to identify the best supplier. Once you fully understand the categories, you can assess the supplier market by preparing a survey to evaluate supplier capabilities. Then, you can build a strategy, request proposals or bids, and select and negotiate a contract. Finally, communicate with your new suppliers. Your ability to explain this clearly can get you the job.
9⟩ Are you a procurement leader whose team isn't achieving the results you know are possible?
Maybe it's not enough cost savings. Or frustrating performance from the supply base. Or dissatisfied internal customers.
10⟩ Let's assume you've been hired. Your assignment is to maintain or improve current service levels while reducing the budget by 10%. What steps will you take?
Be sure to include maintain support for mandatory activities, eliminating unnecessary processes, and prioritizing.
11⟩ What steps do you take to determine whether or not a price the suppler is offering is reasonable?
Compare this price with other offers.
12⟩ Why should the we hire you as this position as Purchasing Manager?
This is the part where you link your skills, experience, education and your personality to the job itself. This is why you need to be utterly familiar with the job description as well as the company culture. Remember though, it's best to back them up with actual examples of say, how you are a good team player.
It is possible that you may not have as much skills, experience or qualifications as the other candidates. What then, will set you apart from the rest? Energy and passion might. People are attracted to someone who is charismatic, who show immense amount of energy when they talk, and who love what it is that they do. As you explain your compatibility with the job and company, be sure to portray yourself as that motivated, confident and energetic person, ever-ready to commit to the cause of the company.
13⟩ What have you learned from mistakes on this job as Purchasing Manager?
Candidates without specific examples often do not seem credible. However, the example shared should be fairly inconsequential, unintentional, and a learned lesson should be gleaned from it. Moving ahead without group assistance while assigned to a group project meant to be collaborative is a good example.
14⟩ Tell us about your experience in negotiations?
Use an example that provided a tangible benefit to the organization. Tell the interview board about the tangible benefit.
15⟩ What tools do you use to keep track of progress on your projects?
How will you go about determining this company's purchasing patterns.
16⟩ When have you had to change suppliers due to poor quality of their product?
When you provide my company bad quality and the risk greater than good.
17⟩ If a supplier fails to deliver on a certain date, how do you handle the problem?
I should be sefty my self.
18⟩ If we buy a customized product from a single source, how will you know if the price is fair?
If we buy a customized product from a single source, how will you know if the price is fair.
19⟩ If you could change one aspect of the purchasing process, what would you change?
Try to pick an aspect that is easily understood. Provide a constructive means of changing or improving the process.
20⟩ How would you go about establishing a strategic plan for the organization?
Make the distinction between strategy and tactics. Align your plan with the objectives for the overall organization.
