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
Q631: A contract is worth 340,000 and a 20% advance payment is made. What balance remains to be paid?
272,000
68,000
340,000
408,000
339,980
Q632: A contract has an option to extend by one year. What should be assessed before using it?
Negotiate secretly with only one supplier
Proceed anyway and handle the paperwork later
Waive the requirement because the supplier is well known
Performance, value for money, and continuing need, and then document the decision
Split the purchase to avoid higher approval levels
Q633: An officer is unsure whether a distant family relationship with a bidder counts as a conflict. What should the officer do?
Wait until someone else complains
Disclose it and let the ethics or compliance function assess it
Proceed anyway and handle the paperwork later
Rely on a verbal agreement only
Approve payment before checking the deliverables
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