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
Q805: Which procurement term best matches this description: supplier-owned goods held at the buyer's site and paid for when used?
Benchmarking
Spot price
Consignment stock
Preventive action
Design-build
Q806: The officer realizes the PO sent to the supplier had the wrong quantity. What should be done?
Notify the supplier at once and issue a formally approved corrected order
Wait until someone else complains
Cancel the process without giving any reason
Skip competition because it saves time
Approve it verbally without written authorization
Q807: In procurement, Just-in-time (JIT) refers to which of the following?
Screening suppliers on capability and financial standing before inviting bids
A long-term arrangement where public and private sectors share risks and responsibilities
Identifying the underlying reason for a problem
Receiving goods only when needed in order to keep inventory low
A contract in which the buyer reimburses actual costs plus an agreed fee
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