Preview Questions Procurement Manager | Role Specific Skill

Question 1: How should a procurement manager manage logistics for a construction project located in a remote area?

Which action should you take?

Choose only one option

Increase transportation frequency to ensure availability

Rely on air freight for timely deliveries

Use larger storage facilities near the site

Use local suppliers and transport via smaller, specialized vehicles

Question 2: What is the role of liquidated damages in a construction contract negotiation?

Which action should you take?

Choose only one option

They act as a deterrent for non-compliance

They determine the project cost

They provide a financial benefit to the contractor

They simplify the payment process

Question 3: In procurement planning, what is the role of risk management in ensuring successful procurement execution?

Which action should you take?

Choose only one option

Identifying and mitigating potential risks during the procurement process

Evaluating supplier delivery timeframes

Tracking inventory costs

Identifying future project costs

Question 4: Which procurement strategy should be used for sourcing materials with highly fluctuating prices in construction projects?

Which action should you take?

Choose only one option

Cost-plus contracts

Unit-price contracts

Time and materials contracts

Fixed-price contracts

Question 5: What is the primary disadvantage of overstocking materials in construction projects?

Which action should you take?

Choose only one option

Delayed project completion

Increased storage costs and potential for material degradation

Higher procurement costs

Reduced supply chain flexibility

Question 6: What is the best way to handle disagreements during contract negotiation with a key supplier?

Which action should you take?

Choose only one option

Compromise on terms to meet in the middle

Escalate the issue to legal representatives

Seek mediation or arbitration

Close the contract and move to a different supplier