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

Q607: An invoice for 450 offers a 4% prompt-payment discount. How much is payable if the discount is taken?

468

446

432.69

432

475.20

Q608: A bidder offers lots priced at 200,000, 150,000, and 100,000 with a 3% discount if all three lots are awarded. What is the total price for all three lots?

450,000

436,500

463,500

449,997

480,150

Q609: Annual demand is 1,200 units, ordering cost is 25 per order, and holding cost is 6 per unit per year. What is the EOQ (to the nearest whole unit)?

200 units

50 units

70.71 units

12 units

100 units