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
Q775: A supplier accounts for 330,000 of a total spend of 1,100,000. What share of total spend is this?
3.33%
70%
30%
42.86%
33%
Q776: Annual cost of goods used is 180,000 and average inventory is 30,000. What is the inventory turnover?
6 times
3 times
12 times
6.60 times
7.62 times
Q777: A purchase costing 50,000 saves 12,500 per year. What is the simple payback period?
0.25 years
2 years
8 years
4 years
4.40 years
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