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
Q493: What does Net present value (NPV) mean in procurement?
A small cash fund for minor, low-value purchases
The value of future cash flows discounted to today
Holding money or assets with a neutral party until agreed conditions are met
Purchasing managed by one central unit for the entire organization
A serious failure that defeats the main purpose of the contract
Q494: The baseline price was 800 and the awarded price is 680. What is the percentage saving against the baseline?
17.65%
85%
120%
70%
15%
Q495: A contract is worth 200,000 and a 20% advance payment is made. What balance remains to be paid?
40,000
200,000
160,000
240,000
199,980
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