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I applied via Naukri.com and was interviewed before Apr 2023. There were 2 interview rounds.
Procurement focuses on purchasing goods and services, while sourcing involves finding suppliers and negotiating contracts.
Procurement is the process of acquiring goods and services for a business or organization.
Sourcing is the act of identifying, evaluating, and selecting suppliers to provide goods or services.
Procurement involves the actual purchasing and payment for goods and services.
Sourcing involves activities su...
The sourcing process involves identifying, evaluating, and selecting suppliers to meet the needs of the organization.
Identify the needs and requirements of the organization
Research potential suppliers and evaluate their capabilities
Negotiate terms and conditions with selected suppliers
Finalize contracts and establish relationships with suppliers
Monitor supplier performance and make adjustments as needed
I have experience using tools such as SAP Ariba, Oracle Procurement Cloud, and Jaggaer for sourcing.
SAP Ariba
Oracle Procurement Cloud
Jaggaer
Yes, I have experience with e-sourcing tools and platforms.
Utilized e-sourcing tools to streamline procurement processes
Managed RFx processes through e-sourcing platforms
Analyzed supplier data and conducted negotiations online
Implemented e-sourcing strategies to drive cost savings
Trained team members on e-sourcing best practices
I applied via Approached by Company and was interviewed in Jan 2022. There were 4 interview rounds.
Reverse auction is a procurement method where suppliers compete to win business by offering lower prices.
Buyers set a maximum price they are willing to pay for a product or service.
Suppliers then bid against each other, with the lowest bid winning the business.
Reverse auctions are often used for commodities or standardized products.
They can lead to cost savings for the buyer, but may not always result in the best quali
Strategies in Procurement involve identifying cost-saving opportunities, building supplier relationships, and optimizing supply chain operations.
Identifying cost-saving opportunities through negotiation and strategic sourcing
Building strong supplier relationships through communication and collaboration
Optimizing supply chain operations through inventory management and demand forecasting
Implementing technology solutions...
Commodity products are basic goods with little differentiation, while specialized products are unique and require specific expertise.
Commodity products are often sold in large quantities and have low profit margins.
Specialized products require specialized knowledge and skills to produce and sell.
Commodity products include items like wheat, oil, and metals.
Specialized products include items like medical equipment, aeros
Implemented a special savings project by optimizing supplier contracts and consolidating spend.
Analyzed supplier contracts to identify cost-saving opportunities
Consolidated spend across business units to negotiate better pricing
Implemented new procurement policies to ensure ongoing savings
Achieved $2M in annual cost savings
Collaborated with cross-functional teams to ensure project success
Top trending discussions
Name mangling is a technique used by compilers to give unique names to functions and variables to avoid naming conflicts.
Name mangling is used in C++ to support function overloading.
It is also used in Python to avoid naming conflicts in modules.
Name mangling can make it difficult to access variables and functions from outside the class in which they are defined.
In C++, name mangling can be seen by using the 'nm' comman
I applied via Naukri.com and was interviewed in Aug 2020. There were 3 interview rounds.
I applied via Naukri.com and was interviewed before Jul 2020. There was 1 interview round.
I applied via Naukri.com and was interviewed before Oct 2021. There were 3 interview rounds.
AD DNS DHCP are Microsoft technologies used for network management and authentication.
Active Directory (AD) is a directory service used for authentication and authorization of users and computers in a network.
Domain Name System (DNS) is used for name resolution of network resources.
Dynamic Host Configuration Protocol (DHCP) is used for automatic IP address assignment to network devices.
AD, DNS, and DHCP are often used ...
IaaS, SaaS, and PaaS are cloud computing models that provide different levels of infrastructure, software, and platform services.
IaaS (Infrastructure as a Service) provides virtualized computing resources over the internet, such as servers, storage, and networking.
SaaS (Software as a Service) delivers software applications over the internet, eliminating the need for local installation and maintenance.
PaaS (Platform as ...
General questions for 1 hors online exams
I applied via Campus Placement and was interviewed before Apr 2020. There were 3 interview rounds.
I applied via Job Fair and was interviewed before May 2021. There were 2 interview rounds.
I applied via Approached by Company and was interviewed before Dec 2021. There were 3 interview rounds.
n-tier architecture is a software design pattern that divides an application into logical layers.
It separates presentation, application processing, and data management functions.
Each layer can be developed and maintained independently.
Examples include 3-tier and 4-tier architectures.
It improves scalability, maintainability, and flexibility of the application.
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Interview experience
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Software Engineer
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Senior Consultant
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Process Associate
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Senior Sourcing Analyst
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Purchasing Specialist
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