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

Q895: Average daily usage is 10 units (maximum 16) and average lead time is 30 days (maximum 40). Using the max-minus-average method, what is the safety stock?

640 units

300 units

340 units

240 units

480 units

Q896: Annual cost of goods used is 144,000 and average inventory is 16,000. What is the inventory turnover?

9 times

4.50 times

18 times

9.90 times

11.43 times

Q897: A supplier delivers 50 days late. The contract value is 300,000; liquidated damages are 0.15% of contract value per day, capped at 10% of the contract value. What damages apply?

30,000

45,000

150,450

22,500

24,750