Aster Pharmacy Procurement Officer Interview Questions and Answers

Procure to pay is the process of acquiring goods or services from a vendor and paying for them.

• Procure to pay involves several steps including identifying the need for goods or services, selecting a vendor, negotiating terms, creating a purchase order, receiving the goods or services, and processing payment.

• The process can be automated using procurement software to streamline the process and reduce errors.

• Examples of p...read more

The cycles of Supply Chain Management include Plan, Source, Make, Deliver, and Return.

• Plan: Forecasting demand, creating a procurement plan, and developing a production schedule.

• Source: Identifying suppliers, negotiating contracts, and managing relationships.

• Make: Manufacturing or assembling products, testing quality, and managing inventory.

• Deliver: Coordinating logistics, managing transportation, and ensuring on-time ...read more