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
Q292: An interim payment of 48,000 is certified and 5% retention is deducted. What amount is paid now?
2,400
48,000
50,400
45,600
47,995
Q293: The baseline price was 1,500 and the awarded price is 1,410. What is the percentage saving against the baseline?
6.38%
6%
94%
90%
88%
Q294: What is Reorder point?
The allowed variation from the ordered quantity that may be accepted on delivery
A clause choosing the courts where disputes will be heard
The process from identifying a need through supplier selection to contract signature
A budget category with an allocated amount
The stock level that triggers a new order
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