FIS Interview Questions and Answers

Identifying a new vendor involves conducting research, evaluating their products/services, checking references, and negotiating terms.

• Conduct thorough research on potential vendors

• Evaluate the quality of their products/services

• Check references and reviews from other clients

• Negotiate terms and pricing to ensure a mutually beneficial agreement

Yes, I am proficient in advanced Excel including pivot tables, VLOOKUP, and macros.

• Proficient in creating and manipulating pivot tables for data analysis

• Skilled in using VLOOKUP and other advanced functions for data manipulation

• Experience in automating tasks using macros to improve efficiency

• Familiar with data visualization techniques using charts and graphs

I procure a variety of materials including office supplies, equipment, technology, and services.

• Office supplies such as paper, pens, and folders

• Equipment like computers, printers, and furniture

• Technology such as software licenses and hardware components

• Services like maintenance contracts and consulting agreements

Procure to Pay process involves the steps from requisitioning goods/services to making payment to suppliers.

• 1. Requisition: Identify the need for goods/services.

• 2. Vendor selection: Choose a supplier based on criteria like price, quality, and delivery time.

• 3. Purchase order: Create a formal document outlining the details of the purchase.

• 4. Goods receipt: Receive and inspect the goods/services.

• 5. Invoice verification: Match the invoice with the purchase order and goods receipt...read more

Ethics of purchasing professional involves making decisions based on moral principles and values.

• Always prioritize honesty and transparency in all purchasing transactions

• Avoid conflicts of interest and ensure fair and equal treatment of all suppliers

• Adhere to company policies and legal regulations regarding purchasing practices

• Consider the environmental and social impact of purchasing decisions

• Seek approval from appropriate authorities for high-value or sensitive purchases