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

Q328: Four bids are evaluated on price after adding corrections and other evaluated costs: A bid 72,000 plus 7,000 in correction/other costs; B bid 75,000 plus 1,000 in correction/other costs; C bid 80,000 plus 2,000 in correction/other costs; D bid 80,000 plus 7,000 in correction/other costs. Which bidder has the lowest evaluated price?

Bidder A

Bidder B

Bidder C

Bidder D

None; the tender must be cancelled

Q329: In procurement, Option to renew refers to which of the following?

A pre-agreed sum payable for a specific breach such as late delivery

A document listing the contents of each package in a shipment

Standard clauses that apply across contracts of a particular type

Verifying and registering a new supplier so that it can be used

A contract right allowing the buyer to extend on set terms

Q330: A supplier fails to disclose its true owner. What is the risk?