Ambica Steels Procurement Executive Interview Questions and Answers

Procurement is the process of finding, acquiring, and buying goods, services, or works from an external source.

• Involves sourcing and selecting suppliers

• Negotiating contracts and prices

• Managing supplier relationships

• Ensuring timely delivery of goods/services

• Strategic procurement focuses on long-term partnerships and value creation

Negotiation involves preparation, active listening, building relationships, and finding win-win solutions.

• Prepare by researching the market, knowing your goals and limits, and understanding the other party's needs.

• Listen actively to understand the other party's perspective and concerns.

• Build relationships by being respectful, honest, and transparent.

• Focus on finding win-win solutions that benefit both parties.

• Use negot...read more

PR stands for Purchase Requisition and PO stands for Purchase Order.

• PR (Purchase Requisition) is a document used to request goods or services from a supplier.

• PO (Purchase Order) is a legally binding document issued by a buyer to a seller, outlining the details of a purchase transaction.

• PR is the initial step in the procurement process, while PO is the final step that authorizes the purchase.

• PR includes details such as ...read more