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

Q544: A supplier claims to be an authorized dealer. How should the officer check?

Let the supplier write the requirements

Let the requester choose the supplier directly

Treat the matter as unimportant because the amount is small

Backdate the documents to appear compliant

Request written authorization and confirm it with the manufacturer

Q545: An asset costs 12,000, has running costs of 1,800 per year over 3 years, and a residual value of 2,000. What is its total cost of ownership?

17,400

11,800

15,400

10,000

41,400

Q546: What is Residual value?

An asset's estimated worth at the end of its useful life

The difference between planned and actual spending

The allowed variation from the ordered quantity that may be accepted on delivery

Following applicable laws, regulations, and policies

Ongoing effort to enhance products, services, or processes