Tata 1mg Senior Executive Procurement Interview Questions and Answers

Q1. A to Z about sourcing and contract management
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Q2. Key aspects of sourcing
Ans. 
Key aspects of sourcing include supplier selection, negotiation, contract management, and risk assessment.
• Supplier selection involves evaluating potential suppliers based on criteria such as quality, price, and reliability.

• Negotiation is crucial for securing favorable terms and pricing with suppliers.

• Contract management ensures that agreements are upheld and any issues are addressed promptly.

• Risk assessment involves id...read more
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Q1. Experience and technical questions ?
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Q2. Issues sorting skills ? Team management?
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Q3. Joining date ? What about you know company and why you want join in this company only ?
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Over all experience and future challenge

Q1. Overall experience and what you know about company
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Q1. What is your current CTC
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Q1. Brief about your current role
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Q1. What you will do after join
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Q1. Related to own experience and knowledge
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Q1. Related to previous work and experience that I've gain earlier
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Q1. Related to Procurement and Purchase return
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Q1. Explaination about the process
Ans. 
Explanation of the procurement process
• The procurement process involves identifying needs, selecting suppliers, negotiating contracts, and managing supplier relationships

• It includes steps such as conducting market research, issuing RFQs or RFPs, evaluating proposals, and awarding contracts

• Procurement managers must ensure compliance with regulations, manage risks, and optimize costs

• Effective communication with stakeholde...read more
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Q2. Basic education and all
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Q1. Introduce yourself and your past work experience
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Q1. Brief About your Past experience summary ?
Ans. Explained As per our real experience
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Q1. About our Business operations experience and team size
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Q2. About P&L and CTC
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Q3. Explained as per my reality
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Q1. Introduction, Experience
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Q1. Job description, Experience details
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Q1. What were the incoterms? What types of categories I have handled previously,
Ans. 
Incoterms are international commercial terms that define the responsibilities of buyers and sellers in international trade transactions.
• Incoterms are standardized terms used in international trade to clearly define the responsibilities of buyers and sellers regarding the delivery of goods.

• There are different categories of incoterms such as EXW (Ex Works), FOB (Free on Board), CIF (Cost, Insurance, and Freight), etc.

• Eac...read more
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