IBM Procurement Executive Interview Questions, Process, and Tips

Q1. Tell me your self intro
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Q2. Why do you choose accenture
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Q1. What is a journal entry? entry for cash deposited into bank
Ans. 
A journal entry is a record of a financial transaction in a company's accounting system.
• A journal entry for cash deposited into a bank would involve debiting the bank account and crediting the cash account.

• The debit entry would increase the bank account balance, while the credit entry would decrease the cash account balance.

• The journal entry would typically include the date of the transaction, the amount deposited, and...read more
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Q1. What is Procurement cycle?
Ans. 
The procurement cycle is the process of acquiring goods or services from external sources, including identifying needs, sourcing suppliers, negotiating contracts, and managing supplier relationships.
• Identification of needs and requirements

• Sourcing potential suppliers

• Negotiating contracts and terms

• Ordering and receiving goods or services

• Managing supplier relationships and performance
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Q1. Can you provide an introduction about yourself and your professional profile?
Ans. 
Experienced procurement executive with a strong background in strategic sourcing and supplier management across various industries.
• Over 10 years of experience in procurement and supply chain management.

• Successfully led a team to reduce procurement costs by 15% through strategic sourcing initiatives.

• Expert in negotiating contracts and building long-term supplier relationships.

• Implemented a new procurement software syste...read more
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Basic aptitude test, logical reasoning, English grammar

Q1. Resume screening, tell me about yourself, why you leave prev company? salary expectations?
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Q2. Family, education background, skills
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