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

Q865: A supplier accounts for 250,000 of a total spend of 1,000,000. What share of total spend is this?

75%

25%

33.33%

27.50%

Q866: A supplier delivers 25 days late. The contract value is 60,000; liquidated damages are 0.5% of contract value per day, capped at 15% of the contract value. What damages apply?

7,500

9,000

15,000

15,300

8,250

Q867: One person creates vendors and also approves their payments. What is the issue?

Delay reporting until the audit is finished

Approve it verbally without written authorization

Award to the first supplier who responds

A segregation-of-duties failure that increases fraud risk

Cancel the process without giving any reason