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
Q808: Which is an example of a genuine cost saving?
Avoiding a rise that was only forecast
Negotiating a lower unit price for the same specification
Receiving an unrequested catalogue
Buying extra stock that is not needed
Delaying an invoice to the next month
Q809: Which procurement term best matches this description: the difference between planned and actual spending?
Value-added tax (VAT)
Notice of award
Carrying cost
Preventive action
Budget variance
Q810: One bid for works is 40% lower than the estimate. What should the officer check?
Award to the first supplier who responds
Exclude other qualified suppliers without reason
Whether the estimate was realistic, the bidder understood the scope, and the price is sustainable
Decide alone without informing anyone
Negotiate secretly with only one supplier
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