Purchase Engineer, Purchase Management Interview Questions and Answers

Our company manufactures a variety of products.

• We manufacture products in the electronics, automotive, and consumer goods industries.

• Our products range from small electronic components to large automotive parts.

• We also produce household appliances and personal care products.

• Our company is constantly expanding our product line to meet the needs of our customers.

Purchasing is the process of acquiring goods or services for an organization.

• Purchasing involves identifying the needs of the organization and finding suitable suppliers.

• It includes negotiating prices, terms, and conditions with suppliers.

• Purchasing also involves placing orders, tracking deliveries, and ensuring timely receipt of goods or services.

• It requires evaluating supplier performance and maintaining good relationships with suppliers.

• Purchasing plays a crucial role in c...read more

Project costing is calculated by determining all the expenses associated with a project and adding them up.

• Identify all the expenses associated with the project

• Determine the quantity and cost of materials needed

• Calculate labor costs based on the number of hours worked and the hourly rate

• Include any overhead costs such as rent, utilities, and insurance

• Factor in any contingency costs for unexpected expenses

• Add up all the expenses to determine the total project cost

The current market trend for raw material pricing is fluctuating due to various factors.

• The prices of raw materials are affected by supply and demand factors.

• Geopolitical tensions and natural disasters can also impact pricing.

• The COVID-19 pandemic has caused disruptions in the supply chain, leading to price fluctuations.

• The prices of metals such as copper and aluminum have been on the rise due to increased demand from the construction industry.

• The prices of crude oil and natu...read more