Preview Questions Procurement Officer | Role Specific Skill

Question 1: What is the best strategy for sourcing materials when facing fluctuating market prices?

Which action should you take?

Choose only one option

Purchase materials only when prices drop to a minimum threshold

Negotiate long-term contracts with fixed pricing, and develop supplier relationships to manage price fluctuations

Avoid purchasing in advance and wait until prices stabilize

Rely on spot purchases without any long-term agreements

Question 2: What strategy do you employ to ensure that suppliers meet contractual delivery obligations during peak production times?

Which action should you take?

Choose only one option

Increase order quantities without addressing peak time issues

Assume suppliers will prioritize your orders without any formal agreement

Negotiate penalty clauses, priority scheduling, and penalties for late deliveries

Skip delivery terms and focus on price agreements

Question 3: How do you address challenges in procuring materials with fluctuating lead times and availability?

Which action should you take?

Choose only one option

Order materials only when production is imminent, ignoring lead time risks

Focus solely on cost and accept any delivery delays

Build strong relationships with suppliers, maintain flexibility in contracts, and keep a safety buffer in inventory

Ignore lead time issues and assume suppliers will meet deadlines

Question 4: How do you assess the impact of supply chain disruptions caused by a supplier's failure to deliver?

Which action should you take?

Choose only one option

By developing alternative sourcing plans, identifying buffer stock, and analyzing the potential impact on production

By adjusting delivery timelines without considering production needs

By waiting for the supplier to resolve the issue

By assuming the impact is minimal until it occurs

Question 5: Which of the following is the best approach to control procurement costs in a highly volatile market?

Which action should you take?

Choose only one option

Reducing the scope of materials purchased to minimize exposure

Relying solely on short-term contracts for flexibility

Increasing reliance on a single supplier to secure better terms

Locking in long-term contracts with price escalation clauses

Question 6: What is the role of technology in optimizing supplier management and procurement processes?

Which action should you take?

Choose only one option

Assume that technology alone will solve all procurement issues

Rely on traditional paper-based methods and avoid technology

Use eProcurement platforms, supplier portals, and data analytics to improve efficiency and transparency

Use technology only for contract management and ignore other areas