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
Q403: An asset costs 10,000, has running costs of 2,000 per year over 5 years, and a residual value of 1,000. What is its total cost of ownership?
20,000
19,000
11,000
9,000
60,000
Q404: What is Competitive dialogue?
The price a buyer aims to achieve in negotiation, based on analysis
Warning signs suggesting a possible fraud or irregularity
Security ensuring that an advance is refunded if the supplier does not perform
Inventory that is no longer needed or saleable
A procedure for complex needs where solutions are discussed with candidates before final tenders
Q405: A requester wants a more expensive item than the need requires. What should the officer do?
Negotiate secretly with only one supplier
Tell the supplier what competitors have offered
Ask about the real need and challenge over-specification
Cancel the process without giving any reason
Change the evaluation criteria to fit the preferred result
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