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

Q499: A variation would raise the contract value beyond the approved limit. What is the correct step?

Tell the supplier what competitors have offered

Backdate the documents to appear compliant

Take no action because nobody has asked

Treat the matter as unimportant because the amount is small

Obtain the additional authority required for the higher value before approving the variation

Q500: The organization's policy and a donor's rules conflict for a grant-funded purchase. What should the officer do?

Approve it verbally without written authorization

Share the information with a favored bidder

Follow the stricter requirement or seek guidance from the donor and legal advisers

Backdate the documents to appear compliant

Pass the problem to another officer without a record

Q501: Annual demand is 7,200 units, ordering cost is 25 per order, and holding cost is 1 per unit per year. What is the EOQ (to the nearest whole unit)?

600 units

1,200 units

300 units

424.26 units

848.53 units