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
Q457: Annual demand is 3,600 units and each order is for 300 units. How many orders are placed per year?
6 orders
13.20 orders
15.24 orders
12 orders
17.28 orders
Q458: What is Corrective action?
Steps taken to stop a potential problem from occurring
Steps taken to eliminate the cause of a problem that has occurred
Transferring contract rights or obligations to a third party
A preliminary written statement of intention to award a contract subject to final terms
Using financial tools to reduce exposure to price or currency changes
Q459: An auditor requests the procurement files for a past tender. What should the officer do?
Keep it confidential and avoid recording it
Ask the supplier to adjust documents so the records match
Waive the requirement because the supplier is well known
Let the supplier write the requirements
Provide complete, accurate files promptly under the audit access rules
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