About Purchase Manager Test Assessment
The purchasing managers are responsible for a wide variety of procurement as well as vendor, manufacturer, and customer relations. They manage a portfolio of assigned vendors/manufacturers, product evaluation coordination, new product introduction, product conversions, buying for assigned functional areas and product research.
The purchase managers contact appropriate vendors and negotiate specific terms for purchases that meet customer requirements when specific contracts do not exist.
They place orders, verify pricing and availability, investigate overdue orders and problem invoices, as well as communicate timely and efficiently with all contacts for assigned discipline.
They ensure product quality and advantageous pricing by monitoring vendor performance and contract adherence. They provide a commercial assessment of technically qualified suppliers. They generate feedback on vendor performance on a regular basis.
They must be able to aid in ‘Make or Buy’ Decisions and understand the financial implications of each purchase decision. They must possess the ability to understand macro trends in the market regarding their product category. They must excel in vendor analysis.
They are expected to understand the latest trends in supply chain management. They need to oversee all aspects of inventory management including the following tasks:
- Direct and coordinate Purchasing team to reduce costs, improve efficiencies and customer service.
- Manage existing inventory levels, analyze track and forecast item usage, current trends and company changes that might affect inventory to determine current and future needs.
- Source products soliciting competitive bidding from multiple suppliers, recommending new suppliers and creating purchase orders.
- Reconcile and resolve vendor inventory and/or contract discrepancies, product recalls, and defects.
KEY SKILLS REQUIRED:
- EXCELLENT COMMUNICATOR - Verbal Ability and Verbal Reasoning
- ANALYTICAL THINKING [EFFECTIVE SKILLS IN FINANCIAL, MARKET, AND VENDOR ANALYSIS] - Abstract Reasoning, Quantitative Aptitude
- STRATEGIC THINKER - Abstract Reasoning
- CRITICAL THINKING - Logical Reasoning, Numerical Reasoning
- INVENTORY MANAGEMENT
