Preview Questions Procurement Specialist | Role Specific Skill

Question 1: How do you handle a situation where a supplier does not meet the agreed contract terms in the electrical industry?

Which action should you take?

Choose only one option

Enforce penalties as stated in the contract's default clauses

Terminate the contract immediately without further negotiation

Seek an amicable resolution without legal action

Extend the delivery date without any penalty

Question 2: When negotiating payment terms for a high-value purchase order in the electrical industry, which factor is the most crucial for cost control?

Which action should you take?

Choose only one option

Providing early payments to secure better delivery dates

Implementing a partial payment scheme tied to order milestones

Payment in full upfront to secure better discounts

Offering extended payment terms to ease cash flow while keeping costs in check

Question 3: What is the most effective way to deal with a supplier who refuses to negotiate on price but offers extra services?

Which action should you take?

Choose only one option

Evaluate whether the services meet your needs

Seek discounts on future orders

Request rebates on bulk purchases

Compensate for services instead of price reduction

Question 4: When dealing with suppliers who provide inconsistent quality, what action should you take in the PO process?

Which action should you take?

Choose only one option

Accept a higher price for guaranteed quality

Implement a flexible delivery schedule for every order

Adjust the price in exchange for quality tolerance

Introduce quality control checks before order acceptance

Question 5: In supplier negotiations for semiconductors with fluctuating prices, how can price stabilization be achieved?

Which action should you take?

Choose only one option

Offering suppliers long-term contracts with volume commitments in exchange for fixed rates

Using a fixed price for the first quarter and adjusting later based on market trends

Using a tender process to select suppliers offering the lowest price

Introducing currency hedge clauses to protect against market fluctuations

Question 6: How can a procurement specialist mitigate the risk of vendor failure due to geopolitical factors when selecting vendors?

Which action should you take?

Choose only one option

Select vendors from countries with preferential trade agreements

Choose vendors based on the lowest price, ignoring regional risks

Diversify the vendor base across regions with stable political environments

Focus only on domestic suppliers