Procurement Operations Analyst Interview Questions and Answers for Freshers

S2C process involves sourcing goods/services while P2P cycle involves purchasing and payment.

• S2C process: sourcing goods/services from suppliers, negotiating contracts, selecting vendors

• P2P cycle: requisitioning goods/services, creating purchase orders, receiving goods, processing invoices, making payments

• Example: S2C process includes RFx (Request for Proposal/Quote), supplier evaluation, contract negotiation. P2P cycle includes purchase requisition, purchase order creation, ...read more

Procurement tools are software solutions used to streamline and automate the procurement process.

• Procurement tools help with sourcing, purchasing, supplier management, and contract management.

• Examples of procurement tools include SAP Ariba, Coupa, Oracle Procurement Cloud, and Jaggaer.

• These tools can improve efficiency, reduce costs, and enhance visibility and control over the procurement process.