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Prices of procurement refer to the costs associated with acquiring goods or services for a business.
Prices of procurement can vary based on factors such as quantity, quality, and supplier negotiations.
It is important for a purchase manager to analyze prices of procurement to ensure cost-effectiveness.
Examples of prices of procurement include raw materials, transportation costs, and supplier fees.
3 comparison to be used for vendor costing and they sent out best of them
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I applied via Naukri.com and was interviewed in Sep 2024. There were 4 interview rounds.
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My work process involves sourcing, negotiating, and purchasing goods and services to meet the company's needs.
Researching potential suppliers and evaluating their products or services
Negotiating contracts and terms with suppliers to ensure cost-effectiveness
Monitoring inventory levels and forecasting demand to avoid shortages
Collaborating with internal teams to understand their purchasing needs and priorities
Ensuring t...
posted on 29 Dec 2024
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I will immediately communicate with the supplier to expedite the delivery or find alternative sources.
Contact the supplier to inquire about the delay and request expedited shipping.
Look for alternative suppliers who may have the material in stock.
Prioritize production schedule to accommodate the delay.
Consider using substitute materials if possible.
Implement inventory management strategies to prevent future shortages.
I applied via LinkedIn and was interviewed before May 2023. There was 1 interview round.
posted on 21 Jul 2022
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