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
Q625: Average daily usage is 20 units (maximum 30) and average lead time is 10 days (maximum 15). Using the max-minus-average method, what is the safety stock?
450 units
200 units
250 units
150 units
300 units
Q626: Goods are delivered to the wrong site. What should the officer do?
Document it, notify the supplier, and have the goods redelivered to the correct site under the contract
Accept the supplier's explanation without verification
Backdate the documents to appear compliant
Let the requester choose the supplier directly
Let the supplier write the requirements
Q627: In procurement, Dead stock refers to which of the following?
The order size that minimizes the combined ordering and holding costs
Contracting out a function to an external provider
The real person who ultimately owns or controls a company
Items that have not moved for a long period
Bidders agreeing to withdraw or not bid so that a chosen firm wins
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