Arihant Superstructures Sourcing Manager Interview Questions and Answers

I have over 5 years of experience in strategic sourcing, supplier management, and contract negotiation.

• Managed supplier relationships to ensure on-time delivery and quality standards were met

• Negotiated contracts to achieve cost savings and favorable terms

• Implemented strategic sourcing initiatives to optimize procurement processes

• Collaborated with cross-functional teams to align sourcing strategies with business goals

Responsible for managing sourcing activities, negotiating contracts, and developing supplier relationships.

• Developing and implementing sourcing strategies

• Negotiating contracts with suppliers

• Evaluating supplier performance

• Identifying cost-saving opportunities

• Maintaining relationships with key suppliers

Led a cross-functional team to implement cost-saving initiatives resulting in a 20% reduction in sourcing expenses.

• Implemented vendor consolidation strategy to streamline procurement process

• Negotiated long-term contracts with key suppliers to secure favorable pricing

• Introduced supplier performance metrics to track and improve supplier relationships

Sourcing strategy involves developing a plan to identify and select suppliers that offer the best value for the organization.

• Define sourcing objectives and criteria

• Conduct market research and supplier analysis

• Develop a sourcing plan and negotiate contracts

• Implement and monitor the sourcing strategy

• Costing/Sourcing SOP should outline the process for identifying and evaluating suppliers, negotiating contracts, and managi...read more