Domain vi cppb test Study guides, Class notes & Summaries

Domain VI-CPPB Test Questions and Answers Procurement professionals may use what materials to analyze the market? - Answer-Journals, indexes, supplier shows, industry forums, internet, websites and discussions with colleagues. Market research is critical to the procurement professional because it gives? - Answer-Current information Buying when prices are high or the product is in short demand results in ? - Answer-Over payment _____________ is a tool to determine future need? - Answ...

STRATEGIC PROCUREMENT PLANNING - CORRECT ANSWER Provides the processes and tools to modernize public sector efforts around improving service development and delivery system SWOT analysis - CORRECT ANSWER strengths, weaknesses, opportunities, threats PARETO PRINCIPLE - CORRECT ANSWER 80/20 Rule 80% of Purchasing Cost is created by 20% of the purchase orders issued Spend Analysis - CORRECT ANSWER Collecting, classifying, and analyzing the expenditures data from all...