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
Q265: Annual cost of goods used is 240,000 and average inventory is 40,000. What is the inventory turnover?
3 times
12 times
6 times
6.60 times
7.62 times
Q266: A contract is worth 1,200,000 and a 10% advance payment is made. What balance remains to be paid?
1,080,000
120,000
1,200,000
1,320,000
1,199,990
Q267: Which procurement term best matches this description: using two suppliers for the same item to reduce dependence?
Preferential procurement
Qualification samples
Tail spend
Dual sourcing
Work order
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