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

Q103: What is the best way to deal with a preference margin for local suppliers in an evaluation?

Add it secretly to favored bidders

Apply it only if it is stated in the tender documents and allowed by policy

Ignore all stated rules

Apply it after seeing the results

Give it to whoever asks

Q104: What is a total cost of ownership (TCO) comparison?

Comparing only delivery fees

Comparing only the brand name

Comparing only discount offers

Comparing only warranty length

Comparing all costs to acquire, use, maintain, and dispose of an item

Q105: Machine A costs 10,000 with 2,000 yearly running costs; Machine B costs 8,000 with 3,000 yearly running costs. Over 5 years, which has the lower TCO?

Machine B (23,000 versus 20,000)

Machine B (19,000 versus 20,000)

Machine A (20,000 versus 23,000)

They are equal at 20,000

Machine A (25,000 versus 23,000)