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

Q736: Average inventory is valued at 150,000 and the annual carrying cost rate is 25%. What is the annual carrying cost?

37,500

6,000

187,500

112,500

41,250

Q737: What does Supply risk mean in procurement?

The ability to withstand and recover from disruption

A clause choosing the courts where disputes will be heard

A private process in which a neutral third party issues a binding decision on a dispute

The chance that supply will be interrupted or inadequate

Ending a contract because the supplier failed to meet its obligations

Q738: Average daily usage is 12 units (maximum 18) and average lead time is 25 days (maximum 35). Using the max-minus-average method, what is the safety stock?

630 units

330 units

300 units

210 units

450 units