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
Q790: A supplier accounts for 60,000 of a total spend of 800,000. What share of total spend is this?
13.33%
92.50%
7.50%
8.11%
8.25%
Q791: What does Quality- and cost-based selection (QCBS) mean in procurement?
An evaluation method that combines technical quality scores with price
An order placed under an existing framework agreement
A formal written amendment issued to all bidders that changes the tender documents
A contract setting the general terms that govern future work orders with a supplier
The time given to the party in breach to fix the problem
Q792: The only person authorized to receive goods is on leave and a courier arrives. What is a good control?
Pay the supplier first and verify afterwards
Approve payment before checking the deliverables
Award to the first supplier who responds
Designate an alternate receiving person so goods are always verified
Let the requester choose the supplier directly
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