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
Q70: A bidder scores 60 on technical (weight 60%) and 100 on financial (weight 40%). What is the combined score?
80
160
76
70
84
Q71: An item is used at 20 units a day with a 10-day lead time and a safety stock of 50 units. What is the reorder point?
250 units
200 units
150 units
70 units
500 units
Q72: What does the payment term '2/10 net 30' mean?
A 10% discount if paid in 2 days
Payment due in 2 days with a 10-day extension
A 30% discount after 10 days
A 2% discount if paid within 10 days; otherwise the full amount is due in 30 days
A penalty of 2% if paid within 10 days
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