QUESTION 6 OF 39

What steps do you take to determine whether or not a price the suppler is offering is reasonable?

This question deals with your process of deciding whether a supplier is giving you the products at the right price or not. As a purchasing manager you need to do proper research about the pricing of the products and also about the supplier's history.
To answer this question try to define your process of selecting a supplier into well defined steps so that its easy for the hiring manager to understand. Also mention any exceptions that you may consider to the process that you have mentioned.

"We conduct price and cost analysis, evaluate competitive products and suppliers, examine pricing to state and federal agencies, as well as look at market and catalog pricing. Determinations can be affected by volumes, long-standing agreements, and market conditions."

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Purchasing Manager Mock Interview

What steps do you take to determine whether or not a price the suppler is offering is reasonable?

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39 Purchasing Manager Interview Questions & Answers