Halliburton Procurement Specialist Interview Questions and Answers

I have handled a variety of equipment including computers, printers, scanners, forklifts, and production machinery.

• Computers

• Printers

• Scanners

• Forklifts

• Production machinery

Full P2P refers to the entire procurement process from requisition to payment.

• Full P2P involves the entire procurement process including requisition, sourcing, purchase order creation, invoice processing, and payment.

• It starts with a requisition from the user and ends with payment to the supplier.

• It includes supplier selection, negotiation, and contract management.

• It also involves receiving and inspection of goods and ...read more

The best contribution is one that aligns with the company's goals and values while also improving efficiency and reducing costs.

• A contribution that aligns with the company's goals and values

• Improving efficiency in procurement processes

• Reducing costs through strategic sourcing and negotiation

• Implementing sustainable procurement practices

• Developing strong relationships with suppliers

• Introducing innovative procurement sol...read more

I achieved a saving of $500,000 by negotiating better contracts with suppliers.

• Negotiated better terms and pricing with key suppliers

• Implemented a vendor management system to track spending and identify cost-saving opportunities

• Consolidated purchases to leverage volume discounts

• Reduced waste and excess inventory through improved forecasting and demand planning

• Collaborated with cross-functional teams to identify areas f

To make a contract, identify parties, define terms, negotiate, draft agreement, review, sign, and enforce.

• Identify parties involved in the contract

• Define terms and conditions clearly

• Negotiate to reach a mutually beneficial agreement

• Draft the contract document with all details included

• Review the contract for accuracy and completeness

• Sign the contract with all parties involved

• Enforce the terms of the contract

Major clauses in a purchase order include payment terms, delivery terms, warranties, and dispute resolution.

• Payment terms specify when and how payment should be made.

• Delivery terms outline the expected delivery date, shipping method, and any special requirements.

• Warranties detail the guarantees provided by the seller regarding the quality and performance of the purchased goods or services.

• Dispute resolution clauses est...read more

Indemnity clause is used to protect one party from financial loss or legal liability caused by the other party.

• It transfers the risk of loss from one party to another

• It ensures that one party is not held responsible for the actions of the other party

• It is commonly used in contracts, especially in high-risk industries such as construction and healthcare

• Example: A construction company may include an indemnity clause in a...read more

A compressor is priced based on its features, quality, and market demand.

• The features of the compressor, such as its horsepower, size, and efficiency, can affect its price.

• The quality of the compressor, including its durability and reliability, can also impact its price.

• Market demand for the compressor can influence its price, with higher demand leading to higher prices.

• Other factors that may affect pricing include com...read more