Accenture Procurement Executive Interview Questions and Answers

Supplier quality can be checked through supplier audits, performance evaluations, quality control measures, and feedback from stakeholders.

• Conduct regular supplier audits to assess their processes and quality standards

• Implement performance evaluations to track supplier performance over time

• Utilize quality control measures such as inspections and testing of received goods

• Seek feedback from internal stakeholders and end-...read more

The procurement cycle is the process of acquiring goods or services from external sources, including identifying needs, sourcing suppliers, negotiating contracts, and managing supplier relationships.

• Identification of needs and requirements

• Sourcing potential suppliers

• Negotiating contracts and terms

• Ordering and receiving goods or services

• Managing supplier relationships and performance

A journal entry is a record of a financial transaction in a company's accounting system.

• A journal entry for cash deposited into a bank would involve debiting the bank account and crediting the cash account.

• The debit entry would increase the bank account balance, while the credit entry would decrease the cash account balance.

• The journal entry would typically include the date of the transaction, the amount deposited, and...read more