Preview Questions Procurement Specialist | Role Specific Skill

Question 1: What factors should be prioritized when selecting a vendor for sourcing electrical components in a highly regulated industry?

Which action should you take?

Choose only one option

Compliance with regulatory standards and reliability in delivering certified products

Only the technical capabilities of the vendor matter, not regulatory compliance

Focus on quantity and ability to meet large order requirements

Price and delivery speed are more important than compliance

Question 2: What is the role of a vendor's compliance with industry standards in the selection process?

Which action should you take?

Choose only one option

Compliance ensures that the vendor meets required regulatory standards, ensuring product quality and safety

Compliance is only necessary for international vendors

Compliance ensures cost-effectiveness by standardizing processes

Compliance has little impact, as long as the product meets basic specifications

Question 3: What is the main objective of a supplier performance review during negotiations?

Which action should you take?

Choose only one option

To identify areas for cost reduction

To find new suppliers

To negotiate better payment terms

To increase order volumes

Question 4: How can a procurement specialist leverage supplier lead time when negotiating better terms for the purchase of high-demand electrical components?

Which action should you take?

Choose only one option

By offering a flexible lead time schedule in exchange for price reductions

By negotiating faster delivery terms in exchange for higher prices

By agreeing to extend lead times in exchange for discounts or bundled deals

By asking for lower lead times with penalties if the supplier fails to meet deadlines

Question 5: What is the most effective strategy to manage purchase orders in a multi-supplier environment?

Which action should you take?

Choose only one option

Use vendor-managed inventory systems

Regularly review and adjust orders to vendor performance

Select one primary supplier for all orders

Prioritize local suppliers to reduce lead times

Question 6: What is the primary purpose of a performance-based contract in the electrical and electronics procurement process?

Which action should you take?

Choose only one option

To simplify procurement by eliminating vendor performance measures

To offer the vendor more flexible terms based on negotiation power

To define deliverables and ensure payment is linked to performance outcomes

To focus solely on the price of goods or services