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.