Deepak Fertilisers and Petrochemicals Procurement Manager Interview Questions, Process, and Tips

The procure-to-pay (P2P) cycle is the process of requisitioning, purchasing, receiving, paying for, and accounting for goods and services.

• The P2P cycle starts with the need for goods or services, followed by requisitioning and approval.

• Next, the purchasing department identifies suppliers, negotiates terms, and places orders.

• Goods or services are then received, inspected, and accepted.

• Invoices are matched with purchase ...read more

Risk purchase refers to buying goods or services that involve a higher level of uncertainty or potential negative outcomes.

• Risk purchase involves purchasing items that may have quality issues, delivery delays, or unexpected costs.

• It is important for procurement managers to assess and mitigate risks associated with such purchases.

• Examples include buying from new suppliers without a proven track record, purchasing comple...read more

An indemnity clause is a contractual provision in which one party agrees to compensate the other party for specific losses or damages.

• Indemnity clauses are commonly found in contracts to protect one party from potential losses or liabilities.

• They typically outline the scope of the indemnification, including what types of losses are covered and the limits of liability.

• For example, a supplier may agree to indemnify a buy...read more

Import process involves bringing goods or services into a country from another country.

• Obtain necessary import licenses and permits

• Arrange for transportation and logistics

• Clear customs and pay any applicable duties or taxes

• Ensure compliance with import regulations and documentation requirements

• Coordinate with suppliers and freight forwarders

• Track shipments and manage inventory levels