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
Q73: Which contract type places most cost risk on the supplier?
Cost-reimbursable contract
Fixed-price contract
Time-and-materials contract with no cap
Cost-plus-percentage contract
An open-ended retainer with no limit
Q74: When is a time-and-materials contract most suitable?
When the scope is fully defined and stable
When the supplier refuses to give rates
When no budget exists
When the item is a standard off-the-shelf product
When the scope is unclear and the work cannot be defined precisely in advance
Q75: In the Kraljic matrix, how are 'leverage' items typically described?
Low spend impact and low risk
High supply risk with few suppliers
High spend impact, low supply risk, with many available suppliers
Items bought only once
Items made internally
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