Tata Steel Procurement Manager Interview Questions and Answers

Vendor selection criteria are based on factors like quality, price, reliability, and reputation.

• Quality of products/services offered

• Price competitiveness

• Vendor reliability and track record

• Vendor reputation and customer feedback

• Compliance with regulations and standards

• Ability to meet delivery deadlines

• Financial stability of the vendor

• Innovativeness and adaptability of the vendor

• Location and proximity to the company's op

Seeking new challenges and growth opportunities in a dynamic environment.

• Desire for professional growth and development

• Seeking new challenges and opportunities for advancement

• Interested in working in a more dynamic and fast-paced environment

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