Data Intensity Procurement Specialist Interview Questions and Answers

P2P cycle refers to the Procure-to-Pay cycle, which involves the entire process from requisitioning goods/services to making payment.

• The cycle starts with the need for goods/services, followed by creating a purchase order.

• Goods/services are received and inspected upon delivery.

• An invoice is generated and matched with the purchase order and receipt of goods/services.

• Payment is made to the supplier.

• The cycle ends with re...read more

Challenges in procuring include supply chain disruptions, vendor management issues, and cost fluctuations.

• Supply chain disruptions can lead to delays in receiving goods

• Vendor management issues may arise from poor communication or quality control

• Cost fluctuations can impact budgeting and forecasting

• Regulatory compliance and ethical sourcing requirements can add complexity