Sourcing Engineer Interview Questions and Answers

I have developed various components including X, Y, and Z.

• Developed component X for a manufacturing company, improving efficiency by 20%.

• Designed and implemented component Y for a medical device, meeting strict regulatory requirements.

• Collaborated with a team to develop component Z for an automotive company, reducing costs by 15%.

Total cost of ownership is the overall cost associated with owning a product or service throughout its lifecycle.

• Includes initial purchase price, maintenance costs, operating costs, and disposal costs

• Helps in making informed decisions about purchasing and managing assets

• Example: Buying a car involves not just the purchase price but also fuel, insurance, maintenance, and eventual resale value

P2P cycle refers to the Procure-to-Pay process in supply chain management. Incoterms are international commercial terms used in international trade.

• P2P cycle involves steps like requisition, supplier selection, purchase order creation, goods receipt, invoice verification, and payment.

• Incoterms are standardized terms used in international trade to define the responsibilities of buyers and sellers in terms of transportation, insurance, and risk.

• Examples of Incoterms include EXW...read more