Procurement Study guides, Class notes & Summaries

This document contains workings, explanations and solutions to the OTE2601 Assignment 2 (QUALITY ANSWERS) 2024 - For assistance call or Whats-App us on 0.6.8...8.1.2...0.9.3.4........ QUESTION 1 Every entrepreneur has certain expectations and goals when choosing a business. 1.1 What is a close corporation in business? Give one examples. (5) 1.2 You are a Grade 7 teacher leading a discussion on the different kinds of franchising. 1.2.1 What are the issues to consider when dis...

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...

Principle stakeholder - initiates project, assumes risk, provides funding - Answer- Owner Protect public health, safety and welfare - Answer- AHJ - Authorities Having Jurisdiction Address planning issues, determine design program, identify codes and regulations, produce procurement and construction documents, administer construction contract, *provide QA/QC procedures* - Answer- Design Team Entity that constructs a facility. Uses management abilities to gather labor forces, subs, and ma...

Test Bank for Supply Chain Logistics Management, 6th Edition 6e by Donald Bowersox, David Closs and M. Bixby Cooper. Full Chapters Test Bank are included - Chapter 1 to 14 PART ONE: Supply Chain Logistics Management Chapter 1: 21st-Century Supply Chains Chapter 2: Supply Chain Information Technology Chapter 3: Logistics Chapter 4: Customer Accommodation PART TWO: Supply Chain Operations Chapter 5: Integrated Operations Planning Chapter 6: Procurement and Man...

SCMN 2150 Test 2 Auburn University Exam Review Questions & Answers What is procurement? - ANSWER-process of actually purchasing goods and services How does procurement differ from strategic sourcing? - ANSWER-Procurement operations support tactical day-to-day transactions such as issuing purchase orders to suppliers, whereas strategic sourcing represents to strategic planning, supplier development, contract negotiation, supply chain infrastructure, and outsourcing models. What is outsou...

Explain the difference between a value chain and a supply chain. Provide specific examples from the operations of Toyota South Africa to illustrate the difference. In your answer, you should demonstrate a critical understanding of the interrelated activities involved in each chain and how they contribute to the creation and delivery of value to customers. As an expert in supply chain risk management, you have been tasked by Toyota South Africa to aid them in conducting an extensive risk asses...

Which one of the following is not considered an alternative fuel? correct answers Coal * Hydrogen Compressed Natural Gas Electric The AbilityOne (formerly JWOD) Program uses the purchasing power of the federal government ot buy products and services from participating, community-based nonprofit agencies nationwide dedicated to training and employing individuals with disabilities. Every product purchased through this program is included among the designated product categories of the Sustain...

CPPB Exam Questions & Answers 2024/2025 Procurement Technology - ANSWERSHelps accelerate business improvements Results Oriented Budgeting - ANSWERSAttempts to link a resource allocation to performance criteria Budget Cycle - ANSWERS1. Planning 2. Formalization 3. implementation 4. evaluation Procurement Cards - ANSWERSpayment method whereby internal customers are empowered to deal directly with suppliers using a credit card Four principles of negotiation - ANSWERS1. separate peo...

Supply chain integration - correct answer Supply chain integration requires the procurement professional to develop strategic collaboration with key supply chain partners and understand customer requirements. Behaviours to enhance innovation - correct answer Pellathy identified 3 key behaviours that affect how individuals engage with each other: 1, Task behaviours - how an individual executes tasks of their role 2, Organisational citizenship - the quality of a person's interpersonal actio...

What does SPD stand for? correct answer: Statewide Procurement Division What 5 Divisions does SPD Encompass? correct answer: Contract Development, Contract Management, Procurement & Policy Outreach, HUB, Statewide Fleet, Travel & Mail Initial Value of $5M with 3 optional renewals. Contract Value? correct answer: $20M SPD DELEGATION BY RULE INCLUDES correct answer: PURCHASES OF $5K OR LESS - SPOT PO ONE TIME PURCHASES OF GOODS $50K OR LESS PURCHASES OF SERVICES OF $100K OR LESS DI...