TCE Procurement Engineer Interview Questions and Answers

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

Full P2P refers to the entire procurement process from requisition to payment.

• Full P2P involves the entire procurement process including requisition, sourcing, purchase order creation, invoice processing, and payment.

• It starts with a requisition from the user and ends with payment to the supplier.

• It includes supplier selection, negotiation, and contract management.

• It also involves receiving and inspection of goods and ...read more

The best contribution is one that aligns with the company's goals and values while also improving efficiency and reducing costs.

• A contribution that aligns with the company's goals and values

• Improving efficiency in procurement processes

• Reducing costs through strategic sourcing and negotiation

• Implementing sustainable procurement practices

• Developing strong relationships with suppliers

• Introducing innovative procurement sol...read more

I achieved a saving of $500,000 by negotiating better contracts with suppliers.

• Negotiated better terms and pricing with key suppliers

• Implemented a vendor management system to track spending and identify cost-saving opportunities

• Consolidated purchases to leverage volume discounts

• Reduced waste and excess inventory through improved forecasting and demand planning

• Collaborated with cross-functional teams to identify areas f

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

In my previous company, the job profile involved managing procurement activities, vendor negotiations, contract management, and ensuring timely delivery of goods and services.

• Managed procurement activities such as sourcing, purchasing, and inventory management

• Negotiated with vendors to secure favorable terms and pricing

• Handled contract management and compliance with procurement policies

• Ensured timely delivery of goods

Seeking new challenges and growth opportunities in a dynamic environment.

• Desire for professional growth and development

• Interest in exploring new industries or sectors

• Seeking a more challenging role

• Looking for a change in work environment or company culture