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

Q226: Which is the best use of a purchase price variance report?

To spot unexpected price differences and investigate their causes

To approve all variances automatically

To replace invoice checking

To select tender winners

To avoid budget monitoring

Q227: In procurement, Accountability refers to which of the following?

A deal between the organization and a party connected to its staff or managers

A document authorizing specific tasks under an existing agreement

The value of future cash flows discounted to today

Being answerable for decisions and actions

A session where bids are opened and read aloud at a stated time

Q228: Goods cost 120 per unit for an order of 50 units and freight for the whole shipment is 600. What is the landed cost per unit (price plus freight)?

120

132

720

145.20