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
Q847: Annual cost of goods used is 96,000 and average inventory is 12,000. What is the inventory turnover?
4 times
16 times
8.80 times
8 times
10.16 times
Q848: A buyer wants to place a large order before a price rise, but storage is limited. What should be done?
Delay reporting until the audit is finished
Weigh the saving against holding cost, space, and cash-flow impact
Split the purchase to avoid higher approval levels
Accept the supplier's explanation without verification
Change the evaluation criteria to fit the preferred result
Q849: An inspection of 200 items finds 6 defective. What is the defect rate?
33.33%
6%
3.09%
3.30%
3%
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