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

Q793: Annual demand is 14,400 units, ordering cost is 25 per order, and holding cost is 2 per unit per year. What is the EOQ (to the nearest whole unit)?

1,200 units

600 units

300 units

424.26 units

848.53 units

Q794: A supplier sends a revised price list effective immediately. What should the officer do?

Skip competition because it saves time

Tell the supplier what competitors have offered

Backdate the documents to appear compliant

Award to the first supplier who responds

Check the contract's price adjustment terms and accept only changes allowed under them

Q795: A donor-funded project requires a 'no objection' before contract award. When should the officer request it?