Guardian Industries Procurement Manager Interview Questions and Answers

Q1. How can you reduce dead inventory from the system in a company
Ans. 
To reduce dead inventory, conduct regular inventory audits, analyze sales data, implement just-in-time inventory system, and negotiate with suppliers for return or exchange.
• Conduct regular inventory audits to identify slow-moving or obsolete items

• Analyze sales data to forecast demand accurately and adjust inventory levels accordingly

• Implement just-in-time inventory system to reduce excess inventory and minimize dead st...read more
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Mathematical ability, Verbal ability, Logical reasoning

Q1. Job, day to job details, work culture, team efforts ,
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Q2. Introduction, achievemnts
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Q1. Work experience walk through
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Q2. Scenario based questions
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Q3. About the company
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Q4. About the client and process
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Q5. About process walk through
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Q1. Previous job profile
Ans. 
I have experience working as a Procurement Engineer in a manufacturing company.
• Managed procurement activities for raw materials, equipment, and services

• Negotiated with suppliers to secure favorable terms and pricing

• Ensured timely delivery of materials to meet production schedules

• Collaborated with internal teams to identify procurement needs and specifications

• Implemented cost-saving strategies and vendor management tech
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Q1. Asking working experience. Background details just normal question.
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Q1. Procurement Head is the Last Round
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Q1. What is p to p
Ans. 
P2P stands for Procure-to-Pay, a process that involves all activities from identifying a need to making payment for goods or services.
• P2P is a comprehensive process that includes requisitioning, sourcing, purchasing, receiving, and payment

• It involves collaboration between procurement, finance, and accounts payable departments

• P2P aims to streamline the procurement process, reduce costs, and improve efficiency

• Examples of...read more
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Q2. What is purchase order and p to p cycle
Ans. 
A purchase order is a document issued by a buyer to a seller, outlining the details of goods or services to be purchased.
• The purchase order includes information such as the type and quantity of goods or services, delivery date, and payment terms.

• The purchase-to-pay (P2P) cycle is the process of procuring goods or services, from identifying a need to making payment.

• The P2P cycle includes steps such as requisition, purch...read more
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About customer experience, operation

Cold calling for bidding purpose

Q1. How can you reduce dead inventory from the system in a company
Ans. 
To reduce dead inventory, conduct regular inventory audits, analyze sales data, implement just-in-time inventory system, and negotiate with suppliers for return or exchange.
• Conduct regular inventory audits to identify slow-moving or obsolete items

• Analyze sales data to forecast demand accurately and adjust inventory levels accordingly

• Implement just-in-time inventory system to reduce excess inventory and minimize dead st...read more
Answered by AI
Add your answer