SHYAM METALICS AND ENERGY Procurement Manager Interview Questions and Answers

Q1. Details P2P cycle
Ans. 
P2P cycle involves the entire procurement process from requisition to payment.
• Requisition: Request for goods or services

• Approval: Authorization of requisition by appropriate personnel

• Purchase Order: Formal document to supplier for goods/services

• Receipt: Verification of goods/services received

• Invoice: Billing from supplier

• Payment: Settlement of invoice
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Q2. PR Evaluation , RFQ floating, Technical Evaluation, Negotiation , RA if required, Commercial Evaluation, Approval as per DOP, PO releasing as per organisational System SAP/Manual.
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Q1. How can you reduce dead inventory from the system in a company
Ans. 
To reduce dead inventory, conduct regular inventory audits, analyze sales data, implement just-in-time inventory system, and negotiate with suppliers for return or exchange.
• Conduct regular inventory audits to identify slow-moving or obsolete items

• Analyze sales data to forecast demand accurately and adjust inventory levels accordingly

• Implement just-in-time inventory system to reduce excess inventory and minimize dead st...read more
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Standard 10th level questions.

Q1. Well versed with your subject mentioned in resume.
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Q2. What you want to join Tata steel.
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Q3. What is your strength and weakness.
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Q1. What are your Strength & Weakness.
Ans. My Handwork is my strength and Food is my weakness.
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Q2. Why do you want to join this company
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