IBM Procurement Executive Interview Questions, Process, and Tips for Experienced

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. How do you check the supplier quality
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Supplier quality can be checked through supplier audits, performance evaluations, quality control measures, and feedback from stakeholders.
• Conduct regular supplier audits to assess their processes and quality standards

• Implement performance evaluations to track supplier performance over time

• Utilize quality control measures such as inspections and testing of received goods

• Seek feedback from internal stakeholders and end-...read more
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Q1. What is a journal entry? entry for cash deposited into bank
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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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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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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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Q1. All types of test steeps
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Types of test steps in software testing
• Unit testing - testing individual units or components of the software

• Integration testing - testing how different units or components work together

• System testing - testing the entire system as a whole

• Acceptance testing - testing if the software meets the requirements and is ready for release

• Regression testing - testing to ensure that changes or updates to the software did not intro...read more
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