Procurement Analyst
A procurement Analyst is a professional responsible for sourcing, evaluating, and purchasing the goods, services, and materials an organization needs to operate while managing supplier relationships and controlling costs
Quiz Questions
Q301: An inspection of 600 items finds 9 defective. What is the defect rate?
1.50%
9%
1.52%
1.65%
1.91%
Q302: What does Fraud triangle mean in procurement?
Favoring friends or associates in decisions
The time given to the party in breach to fix the problem
The cost of holding inventory, such as storage, insurance, and tied-up capital
The three factors of pressure, opportunity, and rationalization behind fraud
Buying goods and services that support operations rather than becoming part of a product
Q303: A buyer orders 500 units at 12 each with a 10% volume discount on the total. What is the total payable?
6,000
5,400
600
1,000
6,600
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