Assistant Purchase Executive Interview Questions and Answers

Purchase is the act of buying goods or services while procurement is the process of acquiring goods or services.

• Purchase is a subset of procurement.

• Procurement involves the entire process of acquiring goods or services, including planning, sourcing, negotiating, and purchasing.

• Purchase is the final step in the procurement process.

• Procurement involves strategic decision-making while purchase is a tactical decision.

• Procurement is a continuous process while purchase is a one-tim...read more

GST stands for Goods and Services Tax. There are three types of GST in India.

• GST is a comprehensive indirect tax levied on the supply of goods and services.

• It was introduced in India on July 1, 2017, to replace multiple indirect taxes.

• The three types of GST are CGST (Central Goods and Services Tax), SGST (State Goods and Services Tax), and IGST (Integrated Goods and Services Tax).

• CGST and SGST are levied by the central and state governments, respectively, on intra-state trans...read more

Purchase process involves identifying needs, selecting suppliers, negotiating terms, placing orders, receiving goods and making payments.

• Identify the need for a product or service

• Research and select potential suppliers

• Negotiate terms and conditions with the chosen supplier

• Place an order with the supplier

• Receive the goods or services ordered

• Make payment to the supplier

My approach to field planning involves thorough research, clear communication with stakeholders, setting realistic goals, and regularly monitoring progress.

• Conduct thorough research on market trends, supplier capabilities, and pricing

• Communicate clearly with internal teams and external stakeholders to align on objectives and expectations

• Set realistic goals based on budget constraints and timeline requirements

• Regularly monitor progress and make adjustments as needed to ensure ...read more