Cppb stuvia 2024 - Study guides, Class notes & Summaries

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 people from the problem 2. create a variety of...

The Materials Manager for the Utility department has to keep parts and materials in stock to maintain all 42 pump stations as well as all the infrastructure to keep the town citizens supplied with clean, pure, well water. This service has to be provided 24/7, and all essential maintenance, repair parts, and pumps must be readily available. These deep well pumps cost tens of thousands of dollars, but if they are maintained correctly, they can last over 10 years. What should be done with a decommi...

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 reflect the laws governing procurement -Enable uniform p...

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 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 supplier's o...

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...

Surety - ANSWER A pledge or guarantee by an insurance company, bank, individual, or corporation on behalf of the bidder/proposer to satisfy the contractual obligations. accountability - ANSWER the principle that employees who accept an assignment and the authority to carry it out are answerable to a superior for the outcome. acceptance - ANSWER 1. Indication that all parties to the contract agree to be bound by the terms of the contract. 2. An indication by one party of a willingness to ...

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 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 supplier's o...

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...

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...

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...