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
Q661: Average inventory is valued at 410,000 and the annual carrying cost rate is 24%. What is the annual carrying cost?
98,400
17,083.33
508,400
311,600
108,240
Q662: A purchase costing 180,000 saves 45,000 per year. What is the simple payback period?
0.25 years
2 years
8 years
4 years
4.40 years
Q663: A bidder claims to be exempt from taxes without a certificate. What should the officer do?
Backdate the documents to appear compliant
Request the official exemption documents and apply the correct tax treatment
Proceed anyway and handle the paperwork later
Share the information with a favored bidder
Split the purchase to avoid higher approval levels
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