Junior Purchase Executive Interview Questions and Answers

The P to P cycle refers to the procurement process from purchase requisition to payment.

• The cycle includes steps such as purchase requisition, purchase order, goods receipt, invoice verification, and payment.

• SAP and P21 are both commonly used software systems for managing procurement processes.

• Processes in my current organization include vendor selection, negotiation, and contract management.

• Basics of purchase department include sourcing materials, managing supplier relations...read more

Supply chain management involves the coordination and optimization of all activities involved in the sourcing, procurement, production, and logistics of a product.

• Involves planning, sourcing, making, delivering, and returning products

• Focuses on efficiency, cost reduction, and customer satisfaction

• Utilizes technology and data analytics for optimization

• Examples include inventory management, supplier relationships, and transportation logistics