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. And you don’t need to purchase an expensive procurement technology suite to do so.

Procurement Strategy Beyond Savings

APICS

Procurement has been a key part of supply chain management for decades. Here, we have experienced some resistance to the procurement movement, typically stemming from a lack of understanding However, the concept is a relatively new trend for law firms — the sector in which I work.

Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. So, why do supply chain managers not take advantage of this data with respect to procurement?

Does Your Company Have A Solid Transportation Procurement Strategy?

Logistics Viewpoints

Supply Chain professionals have a tremendous amount of demands and pressures to be aware of and transportation procurement is one of those pressures. Procurement/Sourcing Transportation Transportation Management Systems transportation sourcingThe logistics marketplace is dynamic and demands attention to truly optimize and enable strategic advantage.

The 4 Stages of Supply Chain Analytics

speakers are professing "data got sexy" and data is now a core strategy for. procurement officers believe the quality of data is a major barrier, and the. chain design, procurement, and transportation with greater precision and will. This is a long term strategy and commitment.

[INFOGRAPHIC] The Future Of Procurement: What Is Your Role?

Cerasis

At Cerasis we work with our shipper customers who procure items every day and have needs for inbound freight management as they secure those products from their vendors. The Future of Procurement is Driven by Technology. Enter The Future of Procurement , an Oxford Economics study.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

When I hear companies discussing the implementation of a customer segmentation strategy, I ask a series of questions: Who is your customer? What are you trying to accomplish through the execution of a customer segmentation strategy?

10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. As a result, an external benchmarking tool , explains Olga Rissin of CHAINalytics , offers the benefits of reducing internal spend and accessing outside data, which further drives competitive advantage and lower spend in managing the procurement supply chain. Cloud-based systems offer many benefits throughout the procurement supply chain, reports Procurious HQ.

Procurement Bots – Transformer or Destroyer?

Supply Chain Game Changer

Check out What Exactly Is Procurement? The last few years have seen a lot of real (and over) hype associated with the emergence of Software Robots (called Bots/Bot) which are disrupting the legacy procurement processes involving human interface. Subscribe Here! Email Address.

Advanced Strategies for Successful Ocean Freight Procurement

CHAINalytics

However, bankruptcies, consolidations, and the reorganization of carrier alliances has drastically reduced … The post Advanced Strategies for Successful Ocean Freight Procurement appeared first on Chainalytics.

5 Procurement Strategies For Small Medium Enterprises

CormSquare

Subsequently, procurement tends to be an afterthought, when it should be approached strategically! Small businesses spend between 40% – 65% of sales revenue on procurement of inputs. Improved Internal Procurement Processes. Outsource Procurement Needs.

[INFOGRAPHIC] Procurement Trends: Carving a Bigger Role in Supply Chain & Manufacturing

Cerasis

As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work.

The 3 Pillars of Digital Procurement!

Supply Chain Game Changer

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Regardless of the sheer amount of content one could chose to consume, the theme for the day was apparent and held strong: Digital Procurement.

Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out What Exactly Is Procurement? As we’ve chronicled on the Argentus Blog, it’s no secret that the world of Procurement is changing and fast. Procurement, you’ve come a long way, baby!

These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. As with many other topics affecting industry trends in the transportation, trucking and manufacturing industries, companies are looking for ways to increase the use of technology in procurement, explains Melissa Deleen of LinkedIn.

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

Procurement Outsourcing – Keep your Integrity!

Supply Chain Game Changer

Like so many professionals Procurement people are very proud. But at some point in their careers, especially in the age of Outsourcing, they are likely to have to deal with potential suppliers who provide Procurement services. Procurement typically negotiates deals for other functions like I/T, HR, Manufacturing and every other area in the company. When selling Procurement Outsourcing services you need to have a lot of credibility to begin. Subscribe Here!

How to Procure Full Truckloads in Tight Capacity

Cerasis

These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. The Solution: Shippers Must Use Out-of-the-LTL-Box Strategies Shippers must take a more strategic approach to truckload procurement, explains CH Robinson via Supply Chain 24/7.

Commodity (or Category) Management – What is your Buying Strategy?

Supply Chain Game Changer

Check out What Exactly Is Procurement? A well constructed Procurement Strategy will raise the value of the Supply Chain to your company. Are you executing a Buying Strategy or are you just blindly placing purchase orders ? What is a Commodity Management Strategy?

Procurement – How to Enable Spend Aggregation!

Supply Chain Game Changer

Check out Procurement: The Spend Aggregation Obstacle Course! Aggregating your procurement spend for the purpose of delivering greater value is a sound objective. We discussed these in greater detail in our post Procurement (Part 1!) – The Spend Aggregation Obstacle Course!

Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? We have worked in hundreds of different industries and spend areas over many years in thousands of procurement projects.

eWorld Procurement & Supply

Supply Chain Movement

eWorld Procurement & Supply. eWorld Procurement & Supply in association with The Chartered Institute of Procurement & Supply (CIPS), is the UK’s leading event focusing on the use of leading-edge technologies and techniques within the procurement & supply chain functions.

Supplier Collaboration is a Win-Win Strategy!

Supply Chain Game Changer

Collaboration is a winning strategy for you and for your Suppliers. Check out Procurement (Part 1!) – The Spend Aggregation Obstacle Course! Procurement #SupplyChain #SCM #Business #Purchasing. The post Supplier Collaboration is a Win-Win Strategy!

Time to Look into the Future of Procurement!

Supply Chain Game Changer

Check out What Exactly Is Procurement? There has been transformation in the Procurement function over the past decade. A Paradigm Shift in the Procurement Function. The Evolution of Procurement’s Value Proposition. Procurement professionals need to get savvy.

Procurement Logistics: What Is It & Where Do Logistics Providers Fit In?

Cerasis

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. The simplest way to think of procurement logistics is the procurement of materials needed to manufacture products. What Is Procurement Management?

3 Questions to Ask Before Developing Your Strategic Procurement Strategy

AFFLINK

There’s a tipping point where supply chain management is no longer enough: You need strategic procurement. Single-source procurement is efficient, but it’s also risky. Unclog the bottleneck with strategic procurement. Business is booming, and you’re enjoying explosive growth.

Procurement Integrity Breach – A Sure Way to Get Fired!

Supply Chain Game Changer

Check out Procurement Outsourcing – Keep your Integrity! I was shaken by the reality that our people, our trusted procurement professionals, were being implicated for fraudulent behavior towards our suppliers. The procurement and engineering teams knew this.

50th Symposium Procurement and Logistics

Supply Chain Movement

50 th Symposium Procurement and Logistics. Year after year leading experts from business and politics discuss the latest trends, successful strategies, and topical issues and best practices across a variety of sectors. More than 2,200 decision-makers from procurement, SCM and logistics.

EPE – European Procurement Excellence 2016

Supply Chain Movement

EPE – European Procurement Excellence. Providing procurement value in a complex world. In a world in which procurement is emerging as the key value driver for maintaining a company‘s competitive edge, the role of CPO is becoming more strategic.

Procurement and Suppliers on the Same Page: How to Craft an Effective Terms & Conditions Sales Document

Cerasis

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. It Would Benefit Both Procurement and Suppliers To Write in a Clear, Friendly, and Organized Manner. Procurement

eWorld Procurement & Supply – 22 September 2015

Supply Chain Movement

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. The UK’s most comprehensive business forum for Procurement, Sourcing and Supply Chain Technologies. Soft skills for procurement professionals. Sustainable procurement strategies.

The Hottest Jobs in Supply Chain and Procurement! (Infographic)

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Your expertise and experience are the backbone of developing the strategies and action plans for making these evolutionary and revolutionary improvements. Procurement #SupplyChain #Logistics #Jobs.

Global Supply Chain & Procurement Summit 2015

Supply Chain Movement

Global Supply Chain & Procurement Summit. parity.com/global-supply-chain-procurement-summit/. Achieving this goal relies mainly on the Procurement and Supply Chain Management team. Companies need to adopt strategies that can deal with the dynamism and complexity of today’s environment, ensuring that procurement and supply chain functions can be used as the first line of defence for business operations. Date: 15-16 October, 2015.

The Interplay of Supply Chain Strategy and Business Outcome Results

Supply Chain Matters

In many prior Supply Chain Matters commentaries related to high tech and consumer electronics, we have discussed the pros and cons of a supply chain strategy that supports two different business models. One involves a product and supply chain strategy that supports a cost-affordable […].

How Are Counterfeit Drugs Procured?

Supply Chain @ MIT

A new approach focuses on the way these products are procured. The research explores a new approach to combating drug counterfeiters: devising mitigation strategies based on the way dispensers procure medicines. Counterfeit cures.