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

Q856: Four bids are evaluated on price after adding corrections and other evaluated costs: A bid 87,000 plus 2,000 in correction/other costs; B bid 84,000 plus 3,000 in correction/other costs; C bid 82,000 plus 10,000 in correction/other costs; D bid 85,000 plus 3,000 in correction/other costs. Which bidder has the lowest evaluated price?

Bidder B

Bidder A

Bidder C

Bidder D

None; the tender must be cancelled

Q857: An item can be bought for 18,000 (ignoring resale value) or rented for 250 per day. For 80 days of use, which option is cheaper and by how much?

Renting is cheaper, by 2,000

Buying is cheaper, by 18,000

They cost the same

Buying is cheaper, by 2,000

Renting is cheaper, by 20,000

Q858: A user department wants to cancel an order already shipped. What should the officer do?

Keep it confidential and avoid recording it

Check the contract's cancellation terms and costs before deciding

Delay reporting until the audit is finished

Approve it to avoid friction with the supplier

Approve it verbally without written authorization