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Procurement Analyst Assessment Test

Topics Covered

  • Spend Analysis
  • Contract Management
  • HSEQ Performance Standards
  • Cost-Adjustment Models
  • Procurement/Strategic
  • Sourcing Data Analysis
  • Price Adjustment Formulae

Useful for hiring

  • Procurement Analyst
  • Purchase Analyst
  • Buyer analyst
  • Procurement coordinator
  • Sourcing (Procurement) Specialists

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Question

The table shows three expenditures of the company in the past quarter and the number of vendors that exclusively caused those expenditures.



The company wants to perform the following operations in the next quarter:
A. Quickly automate some processes internally that were earlier outsourced
B. Improve processes to reduce the cost

Which of the following expenditures should the two actions most likely pertain to?

Answer
    • A: Z
      B: X

    • A: Z
      B: Y

    • A: Y
      B: X

    • A: X
      B: Z

Question

A contract management plan has been developed for a medium risk contract. A contract manager would be able to perform which of the following tasks with the help of this contract?

1: Transition management
2: Performance monitoring
3: Fulfillment of commercial commitments

Answer
    • 1

    • 1,2

    • 2,3

    • 1,2,3

Question

You are building a Cost model for your procurement process. If you need to build the cost tables for cost estimation, it would be best to build these in which of the following levels?

Answer
    • Supplier level

    • Facility Level

    • Item Level

    • Department Level

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