Buying / Procurement Officer

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“Buying / Procurement Officer Frequently Asked Questions in various Buying / Procurement Officer job interviews by interviewer. The set of questions are here to ensures that you offer a perfect answer posed to you. So get preparation for your new job interview”



51 Buying / Procurement Officer Questions And Answers

41⟩ New Buying / Procurement Officer Job Interview Questions

☛ Can you explain the purchasing process step-by-step?

☛ When choosing suppliers, what are the most crucial criteria to consider?

☛ What is a Qualified Products List (QPL)?

☛ Which are the key procurement metrics?

☛ How do you keep records of supplies?

☛ What is risk management?

☛ Are you familiar with warehouse safety regulations?

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42⟩ General Buying / Procurement Officer Job Interview Questions

☛ Walk me through the purchasing process

☛ What criteria do you use to evaluate a supplier?

☛ What is a QPL (Qualified Products List)?

☛ How do you go about finding new suppliers?

☛ What is your supervisory experience?

☛ Have you used a vendor management software?

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

☛ What is your experience with contract management?

☛ What are some questions you could ask when getting supplier references?

☛ Are you familiar with UCC (Uniform Commercial Code)?

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43⟩ Explain me how to control the purchasing price?

Some employers may ask you this to check your knowledge in purchase. It can be quite difficult for prospective employers to work out whether potential candidates are good, so this is your chance to shine.

When answering this question you could split up into following points:

☛ By alternative procurement

☛ Alternative supplier sourcing

☛ Vendor increases in different items

☛ Reducing production cost

☛ Procure best quality products

☛ Procure by ensuring product lifetime by supplier, which is most effective way of cost minimization.

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47⟩ Difficult Buying / Procurement Officer Job Interview Questions

☛ How do you perform market analysis? What tools do you use?

☛ What would make you search for a new supplier?

☛ What kind of supplier or third party management software have you experience working with?

☛ How do you ensure on time delivery of orders?

☛ If a supplier informs you that there will be a delay in their shipping, how would you deal with it?

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

☛ How do you evaluate product quality? If you receive a defective product, how do you handle it?

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49⟩ Explain me how you can calculate inventory turns?

Inventory turns is the annual cost of the inventory issued divided by the average monthly inventory value.

The average monthly inventory value is calculated by adding the past 12 monthly inventory values and dividing the total by 12. At the end of each subsequent month, add the latest month's inventory value and delete the 12th most distant monthly inventory value.

The annual cost of issues is calculated by adding the past 12 monthly cost of inventory issues. At the end of each subsequent month, add the latest month's cost of inventory issues and delete the 12th most distant month.

Example: Annual Cost of Issues/ Average Monthly Inventory Value = Inventory Turns $400,000/$100,000 = 4.0 Turns.

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50⟩ Explain me an example when you have had a dispute with a supplier? How did you handle it?

There are many scanrios where we had dispute getting delivery, warranty support and price escalation. In the case of delivery, to work out milestones and depute person at supplier premises, warranty support - to prove that it is uppliers fault. If not then use tool of invoking BG, price escalation > evaluate current trends and settle price.

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51⟩ Tell me 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.

You can then go on to describe it- the most frequent challenges of purchase and logistics and you can also add the achievements you have got from your present employer.

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