Butterfly Ayurveda Assistant Manager- Purchase Interview Questions and Answers

Procurement is the process of acquiring goods or services from external sources.

• Identify the need for procurement

• Determine the specifications and requirements

• Identify potential suppliers and obtain quotes

• Evaluate and select the best supplier

• Negotiate terms and conditions

• Place the order and receive the goods or services

• Manage the supplier relationship and monitor performance

Negotiating with vendors involves preparation, communication, and finding a win-win solution.

• Research the market and vendor's competition to determine fair pricing

• Clearly communicate your needs and expectations

• Be willing to compromise and find a mutually beneficial solution

• Consider long-term relationships and the vendor's reliability and quality

• Use leverage, such as bulk orders or repeat business, to negotiate better t...read more

Vendors can be generated through various methods

• Researching online for potential vendors

• Attending trade shows and networking events

• Asking for referrals from current vendors

• Reaching out to industry associations for recommendations

• Posting requests for proposals (RFPs) on relevant platforms

• Analyzing market trends and identifying potential vendors

• Conducting supplier audits to evaluate potential vendors

• Negotiating with exis