Cppb exam complete Study guides, Class notes & Summaries

CPPB Prep Guide Quizzes, CPPB Exam with Complete Solutions(Rated A) 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 - ANSWER-standardizationA buyer has been invited to join a supplier account rep for lunch to discuss the performance of a contract. How sho...

CPPB Exam Prep (BOK Terms) with Complete Solutions(graded A+) CPPB Exam Prep (BOK Terms) with Complete Solutions(graded A+) CPPB Exam Prep (BOK Terms) with Complete Solutions(graded A+) What does the procurement policy of an entity reflects? - ANSWER--The entity's legal system -The goals and values of the entity -Policies and practices federal-level entities use to acquire goods and services; this may not apply to state or local entities What should the overall purpose of a procure...

CPPB Exam 2023 with complete solutions

CPPB Exam Questions with Complete Solutions Procurement Technology - Answer-Helps accelerate business improvements Results Oriented Budgeting - Answer-Attempts to link a resource allocation to performance criteria Budget Cycle - Answer-1. Planning 2. Formalization 3. implementation 4. evaluation Procurement Cards - Answer-payment method whereby internal customers are empowered to deal directly with suppliers using a credit card Four principles of negotiation - Answer-1. separate pe...

CPPB Exam with complete solutions

CPPB exam prep Complete Questions & Answers(Rated A) What does the procurement policy of an entity reflects? - ANSWER -The entity's legal system -The goals and values of the entity -Policies and practices federal-level entities use to acquire goods and services; this may not apply to state or local entities What should the overall purpose of a procurement policy manual be? - ANSWER -Establish the legal authority of the procurement function within the entity. -Simplify, clarify, and r...

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CPPB - Vocab. Volume 2 Exam Questions & Answers 2024/2025 cross-functional team - ANSWERSA group of employees from different departments working together to accomplish a specific task. The group, or team, may be characterized as permanent or ad hoc and may include suppliers and customers, as appropriate. E.g. of procurement specific teams may include: Commodity Procurement Strategy Team; Sourcing Team; Supplier Performance Eval. Team; Supplier Certification Team cycle time - ANSWERSThe t...

CPPB FINAL EXAM QUESTIONS AND ANSWERS (COMPLETE SOLUTION 2023/2024). Progress payments assure acceptable performance and progress on a contract. Commensurate with the progress made on the contract and are a method for financing the contractor throughout the life of the contract. The benefit of using a fixed-price with escalation contract would be: A. The vendor is protected against unusual price increases. B. The buyer has less contract administration to deal with. C. The vendor has increa...