Jakson Group Senior Executive Procurement Interview Questions and Answers

The procedure of procuring an item involves identifying needs, sourcing suppliers, negotiating contracts, and managing delivery.

• Identify the need for the item

• Research potential suppliers

• Negotiate terms and pricing

• Create and sign contracts

• Track delivery and manage inventory

Payment terms refer to the conditions under which a buyer agrees to pay a seller for goods or services.

• Payment terms can include the amount due, due date, and any discounts for early payment.

• Common payment terms include Net 30 (payment due 30 days after invoice date) and 2/10 Net 30 (2% discount if paid within 10 days, otherwise payment due in 30 days).

• Negotiating favorable payment terms can help improve cash flow and

Delivering s/s items involves a series of steps from procurement to final delivery.

• Identify the need for s/s items

• Research and select suppliers

• Negotiate terms and pricing

• Place orders and track progress

• Inspect quality upon delivery

• Ensure timely delivery to meet project deadlines

Vendors of items are suppliers or manufacturers who provide goods or services to a company for procurement purposes.

• Vendors play a crucial role in the procurement process by supplying necessary items or services to a company.

• Companies often have relationships with multiple vendors to ensure a steady supply of goods.

• Vendors can range from small local businesses to large multinational corporations.

• Negotiating contracts a...read more

SLD - Single Line Diagram, EKD - Equipment Key Diagram

• SLD is a simplified notation for representing a power system in electrical engineering

• EKD is a diagram that shows the key components of equipment in a system

• SLD is commonly used in electrical engineering for system analysis and design

• EKD helps in identifying and understanding the key components of equipment in a system

A nut and bolt are mechanical fasteners used to secure two or more objects together.

• A nut is a small metal block with a hole in the center, used to fasten the bolt in place.

• A bolt is a threaded cylindrical rod with a head at one end, used to fasten objects together.

• The nut is screwed onto the bolt to secure the objects in place.

• Different types of nuts and bolts are available, such as hex nuts and carriage bolts.

400/220/132 kV grid refers to a power grid with three different voltage levels: 400 kV, 220 kV, and 132 kV.

• 400/220/132 kV grid consists of three different voltage levels for transmission of electricity

• 400 kV, 220 kV, and 132 kV are the specific voltage levels used in this type of grid

• Each voltage level serves a specific purpose in the transmission and distribution of power

The transformer make of the previous executed project was Siemens.

• The transformer make was Siemens.

• It was a 400 kV 315 MVA transformer.

• This information was from a previous executed project.

OLTC - On Load Tap Changer, RTCC - Remote Tap Changer Controller

• OLTC stands for On Load Tap Changer, used in transformers to regulate the voltage output

• RTCC stands for Remote Tap Changer Controller, used to remotely control the tap changer operation

• Both OLTC and RTCC are essential components in power systems for voltage regulation