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

Q319: An invoice for 1,500 offers a 10% prompt-payment discount. How much is payable if the discount is taken?

150

1,650

1,490

1,363.64

1,350

Q320: An item can be bought for 30,000 (ignoring resale value) or rented for 400 per day. For 90 days of use, which option is cheaper and by how much?

Renting is cheaper, by 6,000

Buying is cheaper, by 30,000

Buying is cheaper, by 6,000

They cost the same

Renting is cheaper, by 36,000

Q321: A supplier wants to reduce its product warranty after award. What should the officer do?

Refuse unless a formal change is approved, since the warranty is part of the contract

Rely on a verbal agreement only

Proceed anyway and handle the paperwork later

Offer the supplier extra business in return for a favor

Award to the first supplier who responds