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We'd like to learn a bit about how you might approach this job. Please go through and answer the below scenario questions...
Question 1: 
CynLr has more than 400 unique parts in its product, and it’s sourced from across the world. This procuring is handled by a small engineering (Tech) and an even smaller operations (Ops) team. An electronics item was purchased and stored in inventory, but not immediately used. When the item was unboxed after 5 months, the Tech team realized that a wrong cable seemed to have been ordered, making it infeasible to test the product. The correct cable in the inventory was also faulty. Lead time for new cables is 6 weeks and the warranty for the product is only 6 months from the date of delivery.
In case the product turns out to be faulty, it must be reported before the warranty period expires. This error could bring R&D to standstill. Who and what is at fault and how should this be fixed? - Please pick the option that

a.

Start-ups are not process-driven. Mature orgs invest in ERP system, inventory management & robust processes enforced strictly with engineers. Such errors are unavoidable in startups.

b.

Tech's job isn't purchase. Ops should help check & match part numbers as soon as receipt. Bring an ERP system, track inventory & raise tickets helping engineers to test on a timely manner.

c.

This is a result of lack of attention to detail & coordination between teams. Only Tech team can do tech related tasks. Hard for a small ops team to track 400 tech parts and its compatibility.

d.

Bring in a process for engineers to verify part no's in quote & P.O. Upon delivery, concerned engineer must strictly initiate testing and track inventory.

Answer 1.1:
Answer 1.2:
Question 2:  
CynLr has an urgent requirement to procure two cameras within a month to set up a demo for an upcoming exhibition. But the minimum lead time for the cameras from the only available international vendor is 4 months. Which of the following approaches would you use to successfully resolve this issue. - Please pick the option that resonates the most with you

a.

Find some cameras being used internally in customer projects and get them re-allotted to setting up the demo, as the exhibition is the urgent need

b.

Attempt to find alternate vendor(s) with smaller lead time as soon as possible and procure from them even if the cameras come at a premium cost but with immediate delivery.

c.

Convince the existing international vendor to find cameras from their existing customers, and loan them until the demo is over

d.

Work with the R&D team to change demo design to fit what we can predictably procure with the time you have.

Answer 2.1:
Answer 2.2:
Question 3:
CynLr’s Banking partner has introduced a strict process for the submission of Bill-of-Entries of goods corresponding to CynLr’s international payments made via them within the period of six months of payment transaction. Unfortunately, half of the Bill-of-Entries that are due for submission to the Bank in the next week, have some inconsistencies which have previously gone unnoticed. The non-submission of the accurate Bill -of-Entries within due date will result in the bank blocking our international payments account. But the correction of the Bill-of-Entries takes at least a month for our logistics vendors to co-ordinate with the import officer to make the amendments. Which of the following approaches would you use to address this issue. - Please pick the option that resonates the most with you

a.

Request deadline extension for Bill-of-Entry Submission after corrections from the bank, explaining that the logistics vendors are responsible for the delay

b.

Find an alternative Banking partner for international payments, to make sure there is no breakdown in the international payments’ execution, while the issues are sorted with the original bank

c.

Attempt to influence the Logistics Vendor and the Import Officer to fast-track the Bill-of-Entry amendments, imploring that if this is not done, further imports will become infeasible for CynLr

d.

Submit a declaration to the bank that the issues will be rectified in a timely manner, and that they do not block the payments until the date committed by us for rectification

e.

It was CynLr’s mistake that the due process was not followed. CynLr must bear with the repercussions of non-compliance and resolve the issue strictly adhering to the process and not expecting any deviations to be accommodated by our partners for our mistakes.

Answer 3.1:
Answer 3.2:
And finally, the deal makers / breakers ☺️....