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
Q211: A bidder challenges the weightings after seeing the results. How should the officer respond?
Explain that the weightings were published in advance and applied equally to all bidders
Pay the supplier first and verify afterwards
Approve it to avoid friction with the supplier
Tell the supplier what competitors have offered
Pass the problem to another officer without a record
Q212: A purchase costing 45,000 saves 15,000 per year. What is the simple payback period?
0.33 years
1.50 years
6 years
3 years
3.30 years
Q213: An interim payment of 21,000 is certified and 2.5% retention is deducted. What amount is paid now?
21,000
20,475
21,525
20,997.50
22,522.50
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