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

Q280: In procurement, Root cause analysis refers to which of the following?

Steps taken to eliminate the cause of a problem that has occurred

Favoring friends or associates in decisions

Identifying the underlying reason for a problem

A formal statement of personal interests that could affect decisions

A contract in which the supplier delivers a complete, ready-to-use solution

Q281: A bid arrives unsealed and the price is visible to staff. What should the officer do?

Record the irregularity and handle it under the tender rules, which may mean rejection

Rely on a verbal agreement only

Take no action because nobody has asked

Ignore the issue and continue as planned

Accept the supplier's explanation without verification

Q282: An item can be bought for 5,000 (ignoring resale value) or rented for 80 per day. For 50 days of use, which option is cheaper and by how much?

Buying is cheaper, by 1,000

Renting is cheaper, by 5,000

They cost the same

Renting is cheaper, by 1,000

Buying is cheaper, by 4,000