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
Q628: An item is used at 80 units per day, the supplier lead time is 5 days, and safety stock is 100 units. What is the reorder point?
400 units
500 units
300 units
185 units
8,400 units
Q629: A bidder scores 95/100 on technical quality (weight 70%) and 55/100 on price (weight 30%). What is its combined score?
75
67
150
66.50
83
Q630: The standard price is 15 per unit and the actual price paid is 14.2 per unit for 600 units. What is the purchase price variance?
Unfavorable variance of 480
Favorable variance of 0.80
Favorable variance of 480
Favorable variance of 8,520
Unfavorable variance of 0.80
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