Flex Senior Gbs Procurement Analyst Interview Questions and Answers

Q1. What is the procurement strategy?
Ans. 
Procurement strategy refers to the plan and approach used by an organization to acquire goods and services.
• It involves identifying the organization's procurement needs and objectives.

• It includes selecting suppliers and negotiating contracts.

• It focuses on optimizing costs, quality, and delivery of goods and services.

• It may involve strategies like centralized procurement, strategic sourcing, or supplier relationship mana...read more
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Q2. How I can handle development vendor?
Ans. 
To handle development vendors, establish clear expectations, maintain open communication, monitor progress, and evaluate performance.
• Establish clear expectations and requirements for the development vendor.

• Maintain open and regular communication to ensure alignment and address any issues or concerns.

• Monitor the progress of the vendor's work and provide feedback or guidance as needed.

• Evaluate the performance of the vend...read more
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