Shyam Steel Industries Assistant Manager- Purchase Interview Questions and Answers

Yes, I am able to work with your company as a Purchase Manager.

• I have experience in procurement and supply chain management.

• I am familiar with negotiating contracts and managing vendor relationships.

• I have a track record of cost savings and improving efficiency in purchasing processes.

Yes, I have 5 years of experience in the steel industry working as a procurement manager for a steel manufacturing company.

• 5 years of experience in the steel industry

• Worked as a procurement manager for a steel manufacturing company

• Familiar with sourcing, negotiating, and purchasing steel materials

• Knowledge of steel industry trends and suppliers

• Experience in managing inventory and supply chain for steel products

P2P procedures refer to the process of procuring goods or services from a supplier through a purchase order and payment.

• Create a purchase requisition for needed goods or services

• Obtain quotes from potential suppliers

• Select a supplier and create a purchase order

• Receive the goods or services and confirm receipt

• Process payment to the supplier

Key points in purchasing include supplier selection, cost analysis, negotiation, contract management, and quality control.

• Supplier selection is crucial for finding reliable and cost-effective sources for materials or products.

• Cost analysis helps in determining the best value for money and avoiding unnecessary expenses.

• Negotiation skills are essential for securing favorable terms and prices with suppliers.

• Contract manag...read more