Procurement Interview Questions & Answers

Supply Chain Game Changer

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Check out this list of 25 Procurement and Purchasing questions and answers. If we buy a customized product from a single source how will you know if the price is fair?

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product.

Procurement and the Need for Speed

ivalua

In my last two articles ( here and here ) I’ve been talking about the need for Procurement to think about how we can move beyond our historical transactional role and embrace approaches to help drive competitive advantage and real value for our organisations.

Understanding Your Sourcing Footprint is the Key to Procurement Analytics

Supply Chain View from the Field

Direct conversations through on-site engagement with different lines of business is the most direct and effective means of understanding how sourcing processes are occurring today, as well as understanding how the sourcing need evolves and is expressed to suppliers. Supplier registration processes need to be designed around sourcing engagement processes, which track the supplier life cycle. Procure to Pay Strategic Sourcing Supply chain analytics

3 Reasons Why Procurement Transformations Fail!

Supply Chain Game Changer

What’s the Difference between Procurement and Purchasing? I will focus on Procurement for this article as it is the topic that I am most familiar and it seems even more relevant today as I build ProcurePro Consulting ( www.procurepro.ca). What Procurement dreams are made of!

4 Reasons to Integrate Order-to-Cash & Procure-to-Pay

OneSCM

Bundling order-to-cash and procure-to-pay functions not only gives companies a holistic view of their supply chain operations, but also improves decision-making and business growth. For example: how much would more timely document submissions and responses (PO/POACK, ASN, Invoice, etc.)

Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Ethical Procurement: Some Scenarios to Consider.

IKEA’s IWAY Has Lessons For Every Procurement Team!

Supply Chain Game Changer

Check out Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough! Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management.

SIG Webinar on Procurement Analytics and Innovative Data Leveraging

Supply Chain View from the Field

I will be leading a webinar with the Sourcing Interest Group next Nov. The webinar will also include Howard Richman, a colleague I have known for many years, first at Merck, and now working at Citrix as their Chief Procurement Officer. Also joining us will be Michael O’Leary, Director of Procurement Solutions at IBM. Such gaps are often attributed to a lack of data documenting historical spending, contracts, and supplier life cycle performance metrics.

The Future of Procurement Is Upon Us. Are You Ready?

ivalua

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read.

Sustainable Procurement Finally Getting Its Own Standard

NC State SCRC

A new post discussed the development of a sustainable procurement standard developed by the International Standards Organization. ISO 20400 , Sustainable procurement – Guidance, has just reached a second draft international standard stage, meaning interested parties can submit feedback via their ISO member on the draft before final publication in 2017. It’s about time that the concept of sustainable procurement has a standard established around it.

Direct Material Woes: Seven Steps to Take to Improve Value

Supply Chain Shaman

With this in mind, in this blog, I make an argument that we, as supply chain leaders, have screwed up direct material procurement. My goal is to have supply chain leaders consider a procurement redesign for 2017. Most of the focus in the last decade was on indirect procurement.

Future of Procurement Study Available

Supply Chain View from the Field

I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. Procurement has a history that is linked in the core concepts of centralization, volume leveraging, and cost reduction. These early insights dating back to the early roots of procurement evoke a situation that is still not uncommon to what we see today.

Study 60

Procurement Leadership Workshop: Addressing the Need for a New Stakeholder Influence Model

NC State SCRC

Some of the typical complaints I hear from procurement colleagues are the same ones I heard 20 years ago, and it seems as if nothing has changed. “Procurement doesn’t get any respect! ” Procurement organizations having these problems need to change their perspective, and move towards an influence model where they can come to stakeholders with solid business options, that occur months before the need occurs.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

The collapse of the garment factory in Bangladesh last week , which killed at least 705 workers and injured thousands of others, has put a spotlight on a problem that plagues many supply chains: the use of slave labor.

JAGGAER is the Only Full Suite Provider Named as a 2018 Gartner Peer Insights Customers’ Choice for Strategic Sourcing Application Suites and as a Leader in Two Gartner Magic Quadrants

Jaggaer

In a year full of recognition from industry analysts, JAGGAER was named by customers as a 2018 Gartner Peer Insights Customers’ Choice for Strategic Sourcing Application Suites. After being named a Leader by Gartner analysts in Gartner’s 2018 Magic Quadrant for Strategic Sourcing Application Suites and Gartner’s 2018 Magic Quadrant for Procure-to-Pay Suites*, JAGGAER was recognized on Gartner Peer Insights as a direct reflection of customer satisfaction.

Who Owns Contract Management of Major Projects: Procurement or the Business?

NC State SCRC

The procurement function (contracting supply chain) typically provides the market & commercial expertise for creating the contract. The Business function is thus deemed to chair a collaborative Contract Management Team of Procurement, HSSE, Key Users, Finance, etc. The findings points to the general best practice that joint ownership of the contract should be assigned to both the business and to procurement.

5 Procurement Management Tips for the New Kid on the Block?

AFFLINK

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations.

Sourcing Challenges – Will Technology Help You Solve Them?

EC Sourcing Group

As part of my weekly routine, I speak with many talented people in sourcing about their challenges. This was not a business-friendly document.

Do We Need More Lawyers in Procurement? Or Do Lawyers Need More Procurement Managers?

Supply Chain View from the Field

As I’ve continued with my research on the future faces of procurement, a consistent theme that has come up again and again is the need for increased interaction between the legal and procurement groups in organizations. A typical example we found was at a large financial services institution: The difficulty we had was that we had trouble attracting lawyers into a non-legal function (procurement). And the lawyers weren’t interested in becoming procurement people.

7 Use Cases for Hyperledger in Supply Chain

Supply Chain Shaman

I believe we need to move to Open Source tech. One dinner participant laughed as he said, “The more efficient we try to make procurement, the more we screw it up!” This transition from closed and proprietary solutions to open source capabilities will not happen quickly.

Outsource? Insource? Why not right source your print?

Claritum

Claritum Article - Procurement Blog. Documents, operational print and marketing print are often considered as discrete requirements and most reviews will focus on each segment individually. So take a look at your entire print and document spend….and

Contract Data Management With AI

ivalua

A specific application for Procurement involves contract analysis. The goal being to manage risk by easily identifying obligations within contracts and ensuring that appropriate risk mitigating language is present within legal documents.

Do You Know How Much Your Company is Spending? A Spend Analytics Checklist

Supply Chain View from the Field

Spend analysis does not need to occur only on an annual basis, but can be applied also to reviews of a category or subcategory of spend that occurs when a contract is being negotiated, or when a strategic sourcing project is initiated for a particular category group. Spend analysis is also a critical component of effective budget planning, and setting key performance indicators for sourcing teams to consider in their assigned duties.

Contract Analysis leveraging AI – A Technical Overview

ivalua

A specific application for Procurement involves contract analysis. The goal being to manage risk by easily identifying obligations within contracts and ensuring that appropriate risk mitigating language is present within legal documents.

Blockchain has real potential to reduce ‘old school’ procure to pay transactions

NC State SCRC

There is increasing evidence that blockchain (or Distributed Ledger Technology ) is not a standalone solution, but will emerge more as an open source utility, much like the Internet. Only 5%% of payments are made by procurement cards – and 34% are made by ACH Credits!

Seasoned Leadership in Action™ – An Interview with Jill Button, CEO of ProcurePro!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Procurement is an integral part of any company in any industry. Jill is a true, seasoned leader and expert in Procurement. When I began my career in the late 80’s, no one knew what Supply Chain or Procurement was.

Blockchain for Brexit

Supply Chain Movement

To illustrate his point, he used the example of a purchaser at an Italian company that mainly sources semi-finished products from France. 29 March 2019 is set to be another D-Day: Brexit.

Blockchain for the Supply Chain: Reality vs. Hype

Supply Chain Brain

The technology has been around for a long time, but many organizations and countries still require the maintenance of original signed documents, with all of their accompanying costs and inefficiencies. All must agree to the precise form of that document before the release of international freight and the transfer of funds. When it comes to technological innovation, however, hype is no benchmark for success.

A&D’s Ambitious Three-Year Timetable for Deploying Blockchain

Supply Chain Brain

Schmidt cites the example of an electronics supplier that was participating in a classified government procurement program. It] will also show how an audit trail provides hardware, software and documentation authenticity and compliance across supply chains.” SC Planning & Optimization Sourcing/Procurement/SRM

Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

Too often, however, those documents fail to prevent unacceptable working conditions. Often it’s those deeper levels that are the source of violations or inadequate working conditions. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRMJust about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely.

Job opening:Procurement Manager at DaVita

Supply Chain Movement

The procurement manager provides customer service support to DaVita employees for the purchase of products and services used in dialysis facilities and in business offices. Minimum of four (4) years’ related experience in Procurement & Customer Service required.

Transformation of Procurement in Your Organization

EC Sourcing Group

Transformation is a hot topic in procurement today. Here is some perspective gained from conversations with leaders in procurement at the recent Marcus Evans CPO Summit in Las Vegas. Documented savings will support budget requests for needed resources. Document Processes.

Made in “I Really Don’t Know”

Talking Logistics

As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. Here are some recommendations: Identify and document the root causes of poor supply chain visibility. Define and document Supply Chain Mapping business processes.

How Blockchain Could Create the 'Autonomous Container'

Supply Chain Brain

Ettl says that drawback can be addressed through the use of Hyperledger , an open-sourced collaborative effort to develop blockchain technologies across industries. It knows where it’s located, that it has all shipping documents attached in virtual form on the blockchain, and when it runs into trouble can call for help.”

What Exactly is Blockchain? And How Does it Work? (Infographic)

Supply Chain Game Changer

Source: [link]. Source: Wikipedia [link]. Source: [link]. Source: [link]. ” Source: [link]. Currently if you are working on one of these documents only one person can work on a specific document at a time. Source: [link].

How Natural Language Generation Will Transform Your Procurement Processes

Jaggaer

“Alexa… find information about Conversational Platforms in Procurement…”. As this technology bleeds into business applications, it’s only natural to wonder about the implications of conversational platforms in various industries, like procurement. Applications of NLG in Sourcing and Procurement. Below are a few applications where this technology is improving the end-user experience of traditional procurement tools. Procurement Resources