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
Q571: Imported goods arrive and customs charges were not in the price. Who bears the cost?
The party responsible under the agreed Incoterm and contract terms
Rely on a verbal agreement only
Accept the supplier's explanation without verification
Wait until someone else complains
Pass the problem to another officer without a record
Q572: In procurement, Prequalification refers to which of the following?
Purchasing at the current market price for an immediate, one-off need
An asset's estimated worth at the end of its useful life
Reporting suspected wrongdoing through proper channels
Screening suppliers on capability and financial standing before inviting bids
Correcting defective items so that they meet specifications
Q573: An item is used at 20 units per day, the supplier lead time is 10 days, and safety stock is 50 units. What is the reorder point?
200 units
250 units
150 units
80 units
1,200 units
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