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
Q637: What is Withholding tax?
A payment made as work advances, based on measured completion
Several organizations combining their demand to buy together
The process from identifying a need through supplier selection to contract signature
Tax deducted at source from a payment to a supplier
A market with a single seller and no close substitutes
Q638: The net price of an order is 3,300 and VAT is 16%. What is the gross price including VAT?
528
3,828
3,316
2,772
2,844.83
Q639: The organization wants to reduce its environmental impact through purchasing. What can the officer include in tenders?
Wait until someone else complains
Treat the matter as unimportant because the amount is small
Offer the supplier extra business in return for a favor
Share the information with a favored bidder
Relevant environmental requirements stated clearly and proportionate to the subject of the contract
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