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

Q883: A supplier's quote has expired but the price is still offered orally. What should the officer do?

Ignore the issue and continue as planned

Obtain written confirmation or a new valid quote before ordering

Approve it to avoid friction with the supplier

Keep it confidential and avoid recording it

Approve it verbally without written authorization

Q884: Annual demand is 4,800 units, ordering cost is 60 per order, and holding cost is 10 per unit per year. What is the EOQ (to the nearest whole unit)?

480 units

120 units

169.71 units

20 units

240 units

Q885: A supplier quotes 12,000 USD. At the stated rate of 1 USD = 1,520 RWF, what is the price in RWF?

21,523,200 RWF

20,064,000 RWF

18,240,000 RWF

23,164,800 RWF

26,265,600 RWF