Flex Procurement Specialist Interview Questions, Process, and Tips

A very easy round with simple questions

General topics like internet, communication, current affairs, pros and cons of technology

Q1. Where do you like to see yourself in 5 years
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Q2. Tell me about your project
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General knowledge test for the role
20 maths
20 English
20 Job related questions

Any recent Market topic

Q1. What is supply chain
Ans. 
Supply chain is the network of businesses, individuals, and activities involved in the creation and delivery of a product or service.
• It includes all the processes from raw material acquisition to final delivery to the customer.

• It involves coordination and collaboration among suppliers, manufacturers, distributors, retailers, and customers.

• Efficient supply chain management can lead to cost savings, improved customer sat...read more
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Q2. What is procurement
Ans. 
Procurement is the process of acquiring goods or services from external sources.
• Identifying the need for goods or services

• Sourcing potential suppliers

• Negotiating contracts and prices

• Managing supplier relationships

• Ensuring timely delivery and quality of goods or services

• Tracking and analyzing procurement data

• Optimizing procurement processes for cost savings

• Examples: purchasing office supplies, hiring a contractor for co
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Q1. Do you know what is procurement, explain?
Ans. 
Procurement is the process of acquiring goods or services from external sources.
• Procurement involves identifying the need for goods or services

• It includes selecting suppliers, negotiating contracts, and placing orders

• Procurement also involves managing supplier relationships and monitoring performance

• Examples of procurement include purchasing office supplies, hiring contractors for construction projects, and outsourcing
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Q2. Please explain P2P cycle?
Ans. 
P2P cycle refers to the Procure-to-Pay cycle, which is the process of purchasing goods or services and paying for them.
• The cycle starts with identifying the need for a product or service.

• Then, a purchase requisition is created and approved.

• Next, a purchase order is issued to the supplier.

• Goods or services are received and inspected.

• An invoice is received and matched with the purchase order and receipt of goods.

• Finally,...read more
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