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
Q394: Annual demand is 10,000 units, ordering cost is 20 per order, and holding cost is 10 per unit per year. What is the EOQ (to the nearest whole unit)?
400 units
100 units
141.42 units
50 units
200 units
Q395: What is Open tender?
The bid giving the best balance of price and quality under the stated criteria
Checking goods before they leave the supplier's premises
A procedure in which any qualified supplier may bid after public advertisement
Fake products falsely presented as genuine
A set of behavior rules expected of staff and suppliers
Q396: The officer's brother-in-law owns a company that has just submitted a quote. What is the right step?
Disclose the relationship in writing and step away from evaluating or approving that quote
Exclude other qualified suppliers without reason
Award to the first supplier who responds
Accept the supplier's explanation without verification
Rely on the supplier's word instead of evidence
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