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

Q592: A supplier delivers 45 days late. The contract value is 500,000; liquidated damages are 0.1% of contract value per day, capped at 10% of the contract value. What damages apply?

50,000

45,000

225,500

22,500

24,750

Q593: In procurement, Warranty claim refers to which of the following?

An assessment of a bid against the technical requirements

A request to the supplier to fix or replace defective goods under warranty

Paying the same invoice more than once

An Incoterm under which the seller makes goods available at its premises and the buyer bears most costs and risks after that

Budget set aside when an order is placed, before payment is made

Q594: Average daily usage is 15 units (maximum 24) and average lead time is 20 days (maximum 28). Using the max-minus-average method, what is the safety stock?

672 units

300 units

252 units

480 units

372 units