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

Q505: A supplier delivers 60 days late. The contract value is 80,000; liquidated damages are 0.2% of contract value per day, capped at 10% of the contract value. What damages apply?

9,600

19,200

8,000

48,160

8,800

Q506: What is Supplier onboarding?

Verifying and registering a new supplier so that it can be used

The end-to-end process from requisition through to payment

Spending on long-term assets

A scheme where a bidder submits a deliberately uncompetitive bid to help another bidder win

Making procurement rules, decisions, and information open to scrutiny

Q507: Average daily usage is 25 units (maximum 36) and average lead time is 8 days (maximum 14). Using the max-minus-average method, what is the safety stock?

504 units

200 units

154 units

304 units

288 units