Purchasing Manager Mock Interview

Master 39 Purchasing Manager interview questions covering vendor negotiations, cost analysis, and supply chain strategy.

Question 30 of 39

If we buy a customized product from a single source, how will you know if the price is fair?

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Rachelle Enns
Rachelle Enns

Rachelle Enns is an interview coach and job search expert. She works with candidates to perform their best in employment, medical, and post-secondary admission interviews.

This is a "core knowledge" question as purchasing from a single source has unique risks that need to be minimized. Answering this question is fairly easy if you have good amount of experience in this industry.
You can explain what method you use for determining if the price is fair or not and why you trust your method.

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