Purchase Trainee Interview Questions and Answers

Criteria for evaluating vendors for inquiry purposes

• Quality of products or services offered

• Price competitiveness

• Vendor's reputation and track record

• Customer service and support

• Ability to meet delivery timelines

• Financial stability of the vendor

• Compliance with industry regulations and standards

Converting PR to PO involves reviewing, approving, and creating a formal order for goods or services.

• Review the PR to ensure accuracy and completeness

• Obtain necessary approvals from relevant stakeholders

• Create a formal PO in the procurement system

• Send the PO to the supplier for fulfillment

• Track and manage the PO until goods or services are received

Purchase involves acquiring goods or services in exchange for money or other forms of payment.

• Purchase is the process of acquiring goods or services.

• It involves exchanging money or other forms of payment for the desired items.

• Purchase can be made for personal use, business purposes, or other reasons.

• Examples of purchases include buying groceries, office supplies, or equipment for a company.