EY Interview Question

Name 3 procurement risks.

Interview Answer

Anonymous

Nov 11, 2016

- Material planning (procurement staff may not accurately forecast the amount of raw material to purchase, in a manufacturing context) - determining a reliable vendor (may need to trial and error and take time to establish supply chain relationships) - quality of purchases (sometimes the final product the company receives differs from the one shown in the initial samples thus unacceptable standard or material loss/wastage during transportation and shipping?)

2