LTIMindtree Procurement Lead Interview Questions and Answers

Q1. Sourcing negotiation
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Q2. Contract management
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Basic aptitude normal level

Q1. What is procurement
Ans. 
Procurement is the process of acquiring goods or services from external sources.
• Involves sourcing, negotiating, and purchasing goods or services

• Focuses on obtaining the best quality at the best price

• Includes supplier relationship management and contract management

• Examples: Request for Proposal (RFP), Request for Quotation (RFQ), vendor selection
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Q2. What P2P cycle
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The P2P cycle refers to the Procure-to-Pay cycle, which involves the steps from requisition to payment for goods or services.
• The cycle typically starts with a requisition for goods or services

• Next, the procurement team identifies potential suppliers and requests quotes or proposals

• Once a supplier is selected, a purchase order is created and sent to the supplier

• Goods or services are received and inspected upon delivery

• I...read more
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Q3. What is base of supply chain
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The base of the supply chain refers to the starting point of the flow of goods and services through the chain.
• The base of the supply chain typically includes raw material suppliers or manufacturers.

• It is where the production process begins before moving on to distribution and ultimately reaching the end consumer.

• Efficient management of the base of the supply chain is crucial for ensuring timely and cost-effective deliv...read more
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Q4. Some (1-2) situation reaction questions
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Q1. Salary discussion
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Q2. When I can join
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Q1. Process of procurement
Ans. 
Procurement process involves identifying needs, sourcing suppliers, negotiating contracts, and managing supplier relationships.
• Identifying needs and requirements

• Sourcing potential suppliers

• Negotiating terms and contracts

• Managing supplier relationships

• Ensuring compliance with regulations and policies
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Q2. Evaluation of vendors
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Evaluation of vendors involves assessing their performance, capabilities, and reliability to ensure they meet the organization's needs.
• Assess vendor's track record and reputation

• Evaluate vendor's financial stability and resources

• Consider vendor's quality of products or services

• Assess vendor's responsiveness and communication

• Compare vendor's pricing and terms with competitors

• Review vendor's compliance with regulations a
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Q1. Just know about yourself,your strength, weakness, Why they hired you Ful knowledge about company
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Q2. Tell me about your self ?basic knowledge about your profile
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Q3. Why they hired you
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Q4. Salary discussion
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Q1. Salary discussion
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Q1. 1st round of Interview was for personal information and discussion related to my experience
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Asked about previous experience at the job, how can you avoid conflict with the management?

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. Direct indirect procurement
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Q2. Material resource planning (MRP)
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Q1. Salary expectation
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Q2. Working with shift
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Q1. General P2P process questions.
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Q1. Senior managers/Account directors rounds
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