Sample interview questions: How do you handle situations where a buyer wants to involve their own supply chain or logistics experts in the due diligence process?
Sample answer:
1. Communicate Early and Often:
– Initiate open dialogue with the potential buyer to encourage early communication about their intent to involve external experts.
– Establish clear expectations and ground rules for engaging external experts throughout the due diligence phase.
2. Review Confidentiality Agreement:
– Ensure a comprehensive confidentiality agreement is in place before sharing sensitive business information with external experts.
– Address terms related to non-disclosure, use of information, and potential liability.
3. Assess Expertise and Credentials:
– Request background information, qualifications, and relevant experience of the supply chain and logistics experts the buyer wishes to involve.
– Evaluate their expertise to determine their suitability for the due diligence process.
4. Coordinate Access to Information:
– Develop a structured process for sharing relevant due diligence information with the external experts in a timely and controlled manner.
– Use secure platforms or data rooms to facilitate document sharing and maintain confidentiality.
5. Facilitate Clear Communication:
– Schedule regular meetings or calls with the buyer, external experts, and relevant stakeholders to ensure effective communication and exchange of information.
– Address any questions or concerns that arise during the process promptly and transparently.
6. Ensure Alignment with Due Diligence Objectives:
– Confirm that the external experts’ focus is aligned with the specific due diligence objectives and the overall scope of the… Read full answer