SMS Limited Procurement Engineer Interview Questions and Answers

I have experience working as a Procurement Engineer in a manufacturing company.

• Managed procurement activities for raw materials, equipment, and services

• Negotiated with suppliers to secure favorable terms and pricing

• Ensured timely delivery of materials to meet production schedules

• Collaborated with internal teams to identify procurement needs and specifications

• Implemented cost-saving strategies and vendor management tech

Vendor selection is based on factors such as quality, price, delivery time, and past performance.

• Evaluate vendor's quality standards and certifications

• Compare prices and negotiate for the best deal

• Consider vendor's ability to meet delivery deadlines

• Check vendor's past performance and customer feedback

• Assess vendor's financial stability and capacity

• Ensure vendor's compliance with legal and ethical standards

Costing of an item involves analyzing all the direct and indirect costs associated with its production and distribution.

• Identify all direct costs such as raw materials, labor, and equipment

• Determine indirect costs such as overhead expenses and administrative costs

• Calculate the total cost by adding direct and indirect costs

• Consider market demand and competition to determine the selling price

• Regularly review and update c