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

Q886: A supplier delivers 30 days late. The contract value is 250,000; liquidated damages are 0.05% of contract value per day, capped at 5% of the contract value. What damages apply?

3,750

12,500

7,500

4,125

4,762.50

Q887: What is the best response to a supplier who delivers consistently late despite warnings?

Reward the supplier with more orders

Stop all communication

Pay penalties to the supplier

Apply contract remedies, document the failures, and consider alternative suppliers

Remove the delivery requirement

Q888: An item is used at 25 units per day, the supplier lead time is 16 days, and safety stock is 90 units. What is the reorder point?