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
Q511: A base price of 12,000 is linked to an index that moved from 100 to 104. What is the adjusted price?
12,480
11,538.46
12,104
11,520
13,728
Q512: An item is used at 12 units per day, the supplier lead time is 30 days, and safety stock is 60 units. What is the reorder point?
360 units
300 units
102 units
420 units
1,080 units
Q513: What is Termination for convenience?
A long-term arrangement where public and private sectors share risks and responsibilities
The buyer's right to end a contract without fault by the supplier, usually paying for work done
Purchasing at the current market price for an immediate, one-off need
A record at the storage location showing receipts, issues, and balance
A session where bids are opened and read aloud at a stated time
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