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
Q760: What is Carrying cost?
Growing swings in demand as orders move up the supply chain
A plan describing how a category will be bought, from whom, and by what approach
The cost of holding inventory, such as storage, insurance, and tied-up capital
A contract in which one contractor handles both design and construction
A contract in which the buyer reimburses actual costs plus an agreed fee
Q761: A bidder scores 88/100 on technical quality (weight 75%) and 64/100 on price (weight 25%). What is its combined score?
82
76
70
152
66
Q762: Several bidders ask the same clarification question before the deadline. What is the best practice?
Approve payment before checking the deliverables
Approve it verbally without written authorization
Negotiate secretly with only one supplier
Issue the question and answer to all bidders in writing without naming who asked
Waive the requirement because the supplier is well known
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