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

Q784: The supplier proposes to change the delivery date by verbal agreement. What is the right response?

Cancel the process without giving any reason

Rely on the supplier's word instead of evidence

Accept everything and sort out discrepancies later

Ask the supplier to adjust documents so the records match

Require a written, approved amendment before changing any contract term

Q785: A bidder offers lots priced at 120,000, 80,000, and 50,000 with a 5% discount if all three lots are awarded. What is the total price for all three lots?

250,000

12,500

237,500

262,500

249,995

Q786: What does Commercial invoice mean in procurement?

A seller's document stating goods sold, price, and terms, used for payment and customs

Formal sign-off that delivered goods or services meet the contract requirements

Day-to-day running costs

The buyer's right to take over or appoint someone else to perform a failing supplier's work

An evaluation method that combines technical quality scores with price