Vertiv Assistant Manager Procurement Interview Questions and Answers

Q1. Introduction of yourself
Ans. 
I am an experienced Procurement Executive with a strong background in strategic sourcing and supplier management.
• Over 10 years of experience in procurement and supply chain management

• Expertise in negotiating contracts and managing vendor relationships

• Proven track record of cost savings and process improvements

• Strong analytical and problem-solving skills

• Proficient in using procurement software and tools

• Excellent communi...read more
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Q2. Why we hire you we have many other options
Ans. 
I have a proven track record of delivering cost savings and driving efficiency in procurement processes.
• I have extensive experience in procurement, with a strong understanding of market trends and supplier relationships.

• I have consistently achieved cost savings through strategic sourcing and negotiation.

• I have implemented process improvements that have streamlined procurement operations and increased efficiency.

• I have ...read more
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Grammar test , English fluency

Q1. What is procurement
Ans. 
Procurement is the process of obtaining goods and services from external sources.
• Procurement involves sourcing, purchasing, and negotiating contracts for goods and services.

• It includes activities such as supplier selection, price negotiation, and contract management.

• Procurement aims to ensure that the organization obtains the best value for money and meets its needs efficiently.

• Examples of procurement activities includ...read more
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Q2. What is supply chain management
Ans. 
Supply chain management involves the coordination and optimization of all activities involved in the sourcing, procurement, production, and logistics of goods and services.
• Involves managing the flow of goods and services from the point of origin to the point of consumption

• Includes activities such as sourcing, procurement, production planning, inventory management, and distribution

• Aims to optimize efficiency, reduce cos...read more
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Q3. What is warehousing
Ans. 
Warehousing is the process of storing goods in a designated location for future use or distribution.
• Warehousing involves receiving, storing, and organizing goods in a facility.

• It includes inventory management, order fulfillment, and shipping logistics.

• Examples of warehousing facilities include distribution centers, warehouses, and storage units.
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Q4. Why to choose supply chain management feild
Ans. 
Supply chain management offers opportunities for optimization, cost reduction, and efficiency in procurement processes.
• Opportunity to optimize processes and reduce costs through efficient supply chain management

• Ability to identify and mitigate risks in the procurement process

• Enhanced collaboration with suppliers for better negotiation and relationship management

• Opportunity to implement innovative technologies for impro...read more
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Q5. What is logistics
Ans. 
Logistics is the process of planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from point of origin to point of consumption.
• Involves transportation, warehousing, inventory management, and information flow

• Focuses on optimizing processes to ensure timely delivery of goods and services

• Includes activities such as procurement, production planning, packaging, an...read more
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Basic questions

Basic ropics

Q1. Personal information and technical questions
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Q1. Director level of interview.
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A very easy round with simple questions

General topics like internet, communication, current affairs, pros and cons of technology

Q1. Where do you like to see yourself in 5 years
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Q2. Tell me about your project
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General knowledge test for the role
20 maths
20 English
20 Job related questions

Any recent Market topic

Q1. What is supply chain
Ans. 
Supply chain is the network of businesses, individuals, and activities involved in the creation and delivery of a product or service.
• It includes all the processes from raw material acquisition to final delivery to the customer.

• It involves coordination and collaboration among suppliers, manufacturers, distributors, retailers, and customers.

• Efficient supply chain management can lead to cost savings, improved customer sat...read more
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Q2. What is procurement
Ans. 
Procurement is the process of acquiring goods or services from external sources.
• Identifying the need for goods or services

• Sourcing potential suppliers

• Negotiating contracts and prices

• Managing supplier relationships

• Ensuring timely delivery and quality of goods or services

• Tracking and analyzing procurement data

• Optimizing procurement processes for cost savings

• Examples: purchasing office supplies, hiring a contractor for co
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Q1. Do you know what is procurement, explain?
Ans. 
Procurement is the process of acquiring goods or services from external sources.
• Procurement involves identifying the need for goods or services

• It includes selecting suppliers, negotiating contracts, and placing orders

• Procurement also involves managing supplier relationships and monitoring performance

• Examples of procurement include purchasing office supplies, hiring contractors for construction projects, and outsourcing
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Q2. Please explain P2P cycle?
Ans. 
P2P cycle refers to the Procure-to-Pay cycle, which is the process of purchasing goods or services and paying for them.
• The cycle starts with identifying the need for a product or service.

• Then, a purchase requisition is created and approved.

• Next, a purchase order is issued to the supplier.

• Goods or services are received and inspected.

• An invoice is received and matched with the purchase order and receipt of goods.

• Finally,...read more
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