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
Q523: A buyer orders 2,000 units at 4.5 each with a 6% volume discount on the total. What is the total payable?
9,000
8,460
540
9,540
9,306
Q524: The market price of a raw material has dropped sharply. What could the officer do?
Accept the supplier's explanation without verification
Negotiate secretly with only one supplier
Exclude other qualified suppliers without reason
Wait until someone else complains
Review contract terms and the possibility of renegotiation or index-based adjustment
Q525: A base price of 950 is linked to an index that moved from 100 to 98. What is the adjusted price?
969.39
1,048
931
969
1,024.10
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