CPPB

Procurement Technology correct answer: Helps accelerate business improvements Results Oriented Budgeting correct answer: Attempts to link a resource allocation to performance criteria Budget Cycle correct answer: 1. Planning 2. Formalization 3. implementation 4. evaluation Procurement Cards correct answer: payment method whereby internal customers are empowered to deal directly with suppliers using a credit card Four principles of negotiation correct answer: 1. separate people f...

what is the purchasing department origination correct answer: Phoenicians 13th century lean 8 wastes correct answer: 1. Transportation 2. inventory 3. motion 4. waiting 5. overproduction 6. over-processing 7. defects 8. untapped Talent levels of leadership correct answer: 1. position 2. permission 3. production 4. people development 5. pinnacle acceptance correct answer: acceptance is an element of a contract increased costs correct answer: increased costs is a conseq...

What is a SWOT analysis? correct answer: Strength, Weaknesses, Opportunities & Threats Strengths are _________ situations that will help achieve the organizations objectives. correct answer: Internal Opportunities can be correct answer: Internal or external ________ are external challenges to the success of the entity's objectives? correct answer: Threats What principle theorizes that 20% of the people yields 80% of the production while 80% of the people yield only 20% of what y...

Scope of Work correct answer: Typically developed by procurement to be included in the solicitation to procure services or other more complex combinations of products and services. Sometimes called "Performance Specification" PWS correct answer: Performance Work Statement SOO correct answer: Statement of Objectives Statement of Work correct answer: The proposed solution by the successful proposer responding to the Scope of Work appearing in the solicitation. Benchmarking correc...

budgeting correct answer: the allocation of scarce resources among competing demands allotment correct answer: controls the rate of spending authorized by an appropriation allocation correct answer: controls specific use of the monies appropriated cash basis accounting correct answer: income is not counted until cash (or check) is actually received, and expenses are not counted until they are actually paid. accrual basis accounting correct answer: Transactions are recognized at ...

Good performance measures need to be meaningful for all participants including: correct answer: Procurement professionals, clients and suppliers Good performance measures need to be stated in terms of the higher-level objectives of the central procurement office or else they will lose: correct answer: their impact Good performance measures need to be: correct answer: fair, easy to collect, consistent and objective Performance measure activities must be measured against a metric. Metr...

An entity purchases several different types of mobile phones to meet employees' preferences. This is causing inefficiencies. What action can be taken to address and correct the inefficiencies? A. creation of performance specifications B. sole sourcing C. benchmarking D. standardization correct answer: standardization A buyer has been invited to join a supplier account rep for lunch to discuss the performance of a contract. How should the buyer respond to the invitation? A. decline the suppl...

An entity purchases several different types of mobile phones to meet employees' preferences. This is causing inefficiencies. What action can be taken to address and correct the inefficiencies? A. creation of performance specifications B. sole sourcing C. benchmarking D. standardization correct answer: standardization A buyer has been invited to join a supplier account rep for lunch to discuss the performance of a contract. How should the buyer respond to the invitation? A. decline the suppl...

An entity purchases several different types of mobile phones to meet employees' preferences. This is causing inefficiencies. What action can be taken to address and correct the inefficiencies? A. creation of performance specifications B. sole sourcing C. benchmarking D. standardization correct answer: standardization A buyer has been invited to join a supplier account rep for lunch to discuss the performance of a contract. How should the buyer respond to the invitation? A. decline the suppl...

The American legal system looks to statutory law, common law and administrative law for guidance. T/F correct answer: TRUE Antitrust laws help to prevent bid rigging. correct answer: TRUE Public procurement professionals only need to know about state law and are not governed by federal laws. T/F correct answer: FALSE Tort law is criminal law and is applicable to all precontract proceedings. T/F correct answer: FALSE An agent is the primary person who has authority to assign autho...