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
Q853: Which risk is most closely linked to suppliers in a single foreign country?
Too much supplier choice
Disruption from political, currency, or transport problems
Excess local competition
Too little paperwork
Unlimited negotiating power for the buyer
Q854: The standard price is 25 per unit and the actual price paid is 24 per unit for 200 units. What is the purchase price variance?
Unfavorable variance of 200
Favorable variance of 1
Favorable variance of 4,800
Unfavorable variance of 1
Favorable variance of 200
Q855: Which procurement term best matches this description: narrowing a pool of candidates to those that best meet stated criteria?
Source-to-contract
Cost centre
Shortlisting
Master data
Root cause analysis
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