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

Q364: A supplier complains that the specification is biased. What should the officer do?

Backdate the documents to appear compliant

Pay the supplier first and verify afterwards

Let the supplier write the requirements

Waive the requirement because the supplier is well known

Review the complaint objectively and amend the specification if it is unnecessarily restrictive

Q365: A supplier delivers 70 days late. The contract value is 90,000; liquidated damages are 0.25% of contract value per day, capped at 20% of the contract value. What damages apply?

18,000

31,500

15,750

63,225

17,325

Q366: In procurement, Addendum refers to which of the following?

A formal written amendment issued to all bidders that changes the tender documents

A contract setting the general terms that govern future work orders with a supplier

Payment made before goods or services are delivered

Spreading the cost of an asset over its useful life

A deal between the organization and a party connected to its staff or managers