Procurement Analyst

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

Q796: Annual demand is 900 units and each order is for 60 units. How many orders are placed per year?

15 orders
7.50 orders
16.50 orders
19.05 orders
21.60 orders

Q797: A supplier delivers extra units that were not ordered. What should the officer do?

Let the supplier write the requirements
Backdate the documents to appear compliant
Cancel the process without giving any reason
Accept only the ordered quantity and hold or return the excess pending a decision
Approve payment before checking the deliverables

Q798: Annual cost of goods used is 75,000 and average inventory is 25,000. What is the inventory turnover?

0.33 times
3 times
1.50 times
6 times
3.30 times

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