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

Q787: Annual demand is 2,400 units, ordering cost is 100 per order, and holding cost is 3 per unit per year. What is the EOQ (to the nearest whole unit)?

800 units

200 units

282.84 units

400 units

565.69 units

Q788: Usage of an item has dropped to nearly zero. What should the officer do?

Ask the supplier to adjust documents so the records match

Review it for obsolescence and stop reordering until demand is confirmed

Delay reporting until the audit is finished

Waive the requirement because the supplier is well known

Take no action because nobody has asked

Q789: An invoice for 2,000 offers a 2% prompt-payment discount. How much is payable if the discount is taken?