Cppb test stuvia 2024 - Study guides, Class notes & Summaries

Legal and statutory requirements - ANSWER An agency is revising its document retention schedule. To what should the governmental entity look for guidance? Cooperative Contract - ANSWER An agency is looking into cooperative purchasing practices. After conducting some analysis, the agency would like to "piggyback" its purchases with other agencies that are participating in cooperative purchasing. When using a "piggyback" method, what would the arrangement be called? Instituting a purchas...

FIXED-PRICE WITH ESCALATION/DE-ESCALATION - ANSWER The purchasing officer of the governmental agency has expressed serious concerns about the number of repetitive requisitions, solicitations and POs that are being processed to purchase gasoline for the organization. Every time a new order is placed, another requisition is created and the prices paid by each dept. are not consistent; sometimes more and sometimes less depending on competition and timing. The buyer advises that the solution would b...

Express the organization's purpose for existence - ANSWER An organization's mission statement should: Legal and statutory requirements - ANSWER An agency is revising its document retention schedule. To what should the governmental entity look for guidance? Cooperative Contract - ANSWER An agency is looking into cooperative purchasing practices. After conducting some analysis, the agency would like to "piggyback" its purchases with other agencies that are participating in cooperative pu...

WHAT IS THE GOAL OF NEGOTIATION? - ANSWER To achieve a mutual goal referred as win-win agreement. STAGES OF NEGOTIATION - ANSWER 1. Planning 2. Actual Negotiation 3. Completion What are the objectives of a principled Negotiation? - ANSWER 1. produced a wise agreement 2. To be efficient 3. To achieve MUTUALLY satisfactory results for all parties FOUR PRINCIPLES OF NEGOTIATION - ANSWER 1. Separate people from the problem 2. Create a variety of options before deciding which pursue 3...

LAST-IN FIRST OUT (LIFO) - ANSWER Utilized in Private Sector. Due to taxes, it is beneficial to use the latest received item JUST-IN-TIME (JIT) INVENTORY - ANSWER Inventory system in which companies manufacture or purchase goods just in time for use. Technique focused on the inventory reduction and value- added activity. SCRAP - ANSWER Consist of ferrous and non-ferrous metal as well as non-metallic scrap such as wood, paper, plastic and other materials that do not meet requirements or st...

WHAT IS THE GOAL OF NEGOTIATION? - ANSWER To achieve a mutual goal referred as win-win agreement. STAGES OF NEGOTIATION - ANSWER 1. Planning 2. Actual Negotiation 3. Completion What are the objectives of a principled Negotiation? - ANSWER 1. produced a wise agreement 2. To be efficient 3. To achieve MUTUALLY satisfactory results for all parties FOUR PRINCIPLES OF NEGOTIATION - ANSWER 1. Separate people from the problem 2. Create a variety of options before deciding which pursue 3...

Fixed-Price Escalation/De-escalation - ANSWER The procurement officer of the governmental agency has expressed serious concerns about the number of repetitive requisitions, solicitations and purchase orders that are being processed to purchase gasoline for the organization. Every time a new order is placed, another requisition is created and the prices paid by each department are not consistent; sometimes more and sometimes less depending on competition and timing. The buyer advises that the sol...

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? - ANSWER Standardization A buyer has been invited to join a supplier account representative for lunch to discuss the performance of a contract. How should the buyer respond? - ANSWER Decline the supplier's offer and suggest a meeting in the office. A buyer has been working on a solicitation for sev...