Procurement Lead

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Procurement Lead Interview Questions and Answers

Updated 14 Feb 2025

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Q1. What is the explanation of the supply chain process?

Ans.

The supply chain process involves the flow of goods and services from the initial production to the final delivery to the customer.

  • The supply chain process starts with sourcing raw materials or components

  • It then involves manufacturing or assembling the products

  • Next, the products are stored in warehouses or distribution centers

  • Finally, the products are delivered to the end customers

  • Supply chain process also includes activities like demand forecasting, inventory management, and...read more

Q2. What tools do you commonly use in your work?

Ans.

I commonly use tools such as ERP systems, e-procurement platforms, Excel, and supplier databases in my work as a Procurement Lead.

  • ERP systems

  • E-procurement platforms

  • Excel

  • Supplier databases

Q3. Explain MRP and parameter necessary to rum MRP

Ans.

MRP stands for Material Requirements Planning. Parameters necessary to run MRP include bill of materials, inventory levels, lead times, and master production schedule.

  • MRP is a system used for planning and managing production processes.

  • Bill of materials (BOM) is a list of all components needed to manufacture a product.

  • Inventory levels help determine when to order materials to meet production demands.

  • Lead times refer to the time it takes for materials to be delivered after orde...read more

Q4. How MRP planning works ,

Ans.

MRP planning is a system used to manage production processes by determining materials needed and scheduling production.

  • MRP stands for Material Requirements Planning

  • It involves creating a master production schedule based on demand forecasts

  • MRP calculates the materials needed for production based on the bill of materials and lead times

  • It helps in managing inventory levels and ensuring timely production

  • MRP can be integrated with ERP systems for better efficiency

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Q5. ways to find new suppliers.

Ans.

There are several ways to find new suppliers, including attending trade shows, searching online directories, and asking for referrals.

  • Attend trade shows and conferences related to your industry

  • Search online directories such as ThomasNet or Alibaba

  • Ask for referrals from industry contacts or business partners

  • Use social media platforms like LinkedIn to connect with potential suppliers

  • Utilize supplier databases like Dun & Bradstreet or Ariba

  • Consider working with a procurement con...read more

Q6. Explain real case scenario

Ans.

Implemented cost-saving measures by renegotiating contracts with suppliers

  • Identified areas of potential cost savings

  • Analyzed current contracts and terms

  • Negotiated with suppliers for better pricing or terms

  • Implemented new contracts or renegotiated existing ones

  • Measured and tracked cost savings achieved

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Q7. Explain Procurement process

Ans.

Procurement process involves identifying needs, selecting suppliers, negotiating contracts, and managing supplier relationships.

  • Identify the need for goods or services

  • Select potential suppliers and evaluate them

  • Negotiate contracts and terms

  • Place orders and receive goods or services

  • Manage supplier relationships and performance

  • Monitor and evaluate procurement process for continuous improvement

Procurement Lead Jobs

SC Procurement Lead 7-10 years
Caterpillar Brazil
4.3
Aurangabad
SC Procurement Lead 7-10 years
CATERPILLAR INDIA PRIVATE LTD
4.3
Aurangabad
Procurement Lead 5-7 years
JLL
4.1
Hyderabad / Secunderabad
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