ArcelorMittal Nippon Steel Procurement Manager Interview Questions and Answers

Vendor selection criteria are based on factors like quality, price, reliability, and reputation.

• Quality of products/services offered

• Price competitiveness

• Vendor reliability and track record

• Vendor reputation and customer feedback

• Compliance with regulations and standards

• Ability to meet delivery deadlines

• Financial stability of the vendor

• Innovativeness and adaptability of the vendor

• Location and proximity to the company's op

Seeking new challenges and growth opportunities in a dynamic environment.

• Desire for professional growth and development

• Seeking new challenges and opportunities for advancement

• Interested in working in a more dynamic and fast-paced environment

To reduce dead inventory, conduct regular inventory audits, analyze sales data, implement just-in-time inventory system, and negotiate with suppliers for return or exchange.

• Conduct regular inventory audits to identify slow-moving or obsolete items

• Analyze sales data to forecast demand accurately and adjust inventory levels accordingly

• Implement just-in-time inventory system to reduce excess inventory and minimize dead st...read more

P2P cycle involves the entire procurement process from requisition to payment.

• Requisition: Request for goods or services

• Approval: Authorization of requisition by appropriate personnel

• Purchase Order: Formal document to supplier for goods/services

• Receipt: Verification of goods/services received

• Invoice: Billing from supplier

• Payment: Settlement of invoice

Vendor selection criteria are based on factors like quality, price, reliability, and reputation.

• Quality of products/services offered

• Price competitiveness

• Vendor reliability and track record

• Vendor reputation and customer feedback

• Compliance with regulations and standards

• Ability to meet delivery deadlines

• Financial stability of the vendor

• Innovativeness and adaptability of the vendor

• Location and proximity to the company's op

Seeking new challenges and growth opportunities in a dynamic environment.

• Desire for professional growth and development

• Seeking new challenges and opportunities for advancement

• Interested in working in a more dynamic and fast-paced environment

To reduce dead inventory, conduct regular inventory audits, analyze sales data, implement just-in-time inventory system, and negotiate with suppliers for return or exchange.

• Conduct regular inventory audits to identify slow-moving or obsolete items

• Analyze sales data to forecast demand accurately and adjust inventory levels accordingly

• Implement just-in-time inventory system to reduce excess inventory and minimize dead st...read more