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
Q697: An invoice is approved by the same person who raised the order and received the goods. Which control failed?
Ask the supplier to adjust documents so the records match
Exclude other qualified suppliers without reason
Award to the first supplier who responds
Segregation of duties among requesting, receiving, and approving
Rely on a verbal agreement only
Q698: Which procurement term best matches this description: a requirement to use local goods, labor, or services?
Price volatility
Local content
EXW (Ex Works)
Cover bidding
Assignment
Q699: Average inventory is valued at 200,000 and the annual carrying cost rate is 20%. What is the annual carrying cost?
10,000
240,000
160,000
44,000
40,000
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