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

Q718: The net price of an order is 860 and VAT is 20%. What is the gross price including VAT?

172

1,032

880

688

716.67

Q719: A budget is 500,000; 200,000 has been spent and 120,000 is committed on open purchase orders. How much budget remains available for new commitments?

300,000

380,000

500,000

580,000

180,000

Q720: What does a total cost of ownership comparison help avoid?

Writing specifications

Inviting competition

Choosing an item with a low price but high running and disposal costs

Keeping records

Using suppliers