General Manager Procurement

General Manager Procurement Interview Questions and Answers

Updated 13 Nov 2024

Q1. How you can add value in the organization ?

Ans.

I can add value in the organization by optimizing procurement processes, reducing costs, and improving supplier relationships.

Implementing cost-saving measures through strategic sourcing and negotiation
Streamlining procurement processes to increase efficiency
Developing and maintaining strong relationships with suppliers to ensure timely delivery of goods and services
Identifying and mitigating procurement risks
Introducing innovative procurement strategies to improve overall pe...read more

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Q2. Details of explored zones for oil and gas in India Type of material and service contracts FIDIC ICC

Ans.

Exploration zones for oil and gas in India, material and service contracts, FIDIC and ICC

India has several exploration zones for oil and gas, including the Krishna-Godavari Basin, Mumbai Offshore Basin, and Assam-Arakan Basin
Material and service contracts for oil and gas exploration in India are typically awarded through a competitive bidding process
FIDIC (International Federation of Consulting Engineers) and ICC (International Chamber of Commerce) are commonly used contract ...read more

Q3. How do you negotiate OEM vendor ?

Ans.

Negotiate OEM vendor by building relationships, understanding their business, and leveraging competition.

Research the vendor's business and industry to understand their needs and goals.
Build a strong relationship with the vendor by communicating regularly and being transparent.
Leverage competition by obtaining quotes from multiple vendors and using them as leverage in negotiations.
Focus on win-win solutions that benefit both parties.
Be prepared to walk away if necessary.
Negot...read more

Q4. Tell about sourcing strategy

Ans.

Sourcing strategy involves identifying and selecting suppliers to meet business needs.

Define business needs and requirements
Identify potential suppliers and evaluate their capabilities
Negotiate contracts and establish relationships with selected suppliers
Monitor supplier performance and make adjustments as needed
Consider factors such as cost, quality, and reliability in supplier selection
Utilize technology and data analysis to optimize sourcing decisions

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Q5. How you drive the supply chain?

Ans.

I drive the supply chain by implementing strategic sourcing initiatives, optimizing inventory management, and fostering strong supplier relationships.

Implementing strategic sourcing initiatives to reduce costs and improve quality
Optimizing inventory management to minimize stockouts and excess inventory
Fostering strong supplier relationships through regular communication and collaboration
Leveraging technology and data analytics to enhance supply chain visibility and efficiency