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
Q214: A bidder's representative invites the procurement officer to an expensive private dinner during an open tender. What should the officer do?
Extend the arrangement informally without approval
Offer the supplier extra business in return for a favor
Take no action because nobody has asked
Give the preferred supplier a private advantage
Decline the invitation and, if required, record and report the offer under the ethics policy
Q215: An organization wants to switch suppliers but the current supplier holds its data. Which contract feature would have helped?
Negotiate secretly with only one supplier
Rely on a verbal agreement only
A clear exit and data return clause
Exclude other qualified suppliers without reason
Approve payment before checking the deliverables
Q216: The standard price is 75 per unit and the actual price paid is 80 per unit for 150 units. What is the purchase price variance?
Unfavorable variance of 750
Favorable variance of 750
Unfavorable variance of 5
Unfavorable variance of 12,000
Favorable variance of 5
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