cost, quality, timeliness, managing risks, accomplishing social and economic objectives, maximizing competition, maintaining integrity and transparency are the main parts of______ __________?
What is the goal of public procurement?
A course of action to achieve short-term goals, generally within a year or less. They are concerned with what the units beneath top management must do, how they must do it and who has the responsibility. They have shorter time frames and narrower scopes than the strategic plans.
What is: tactical planning?
_______ __________ at a minimum, should include the following:
What are: procedure manuals?
Consensus
Due Process
Openness
Right to Appeal; and
Balance
What are: the five principles of the process of standardization?
5 principles of the process of standardization?
What are: consensus, due process, openness, balance, and right to appeal.
The following factors influence:
1.The degree of sophistication in the entity planning process.
2.How much the entity depends on procured goods and services to meet the mission.
3.How top management views the procurement function.
4.The maturity and evolution of the procurement function within the entity.
5.The ability of procurement professionals to shift from tactical to strategic planning when driving resource allocation.
degree depends top me ability.
What is: the factors that influence whether procurement plays a proactive or reactive role in the planning process?
Flow Chart & Cross Functional Flowchart
What are: types of process mapping?
Rights of Procurement?
What are:
What is NOT a justification for standardization?
What is: increased competition?
Make or Buy analysis is:
What is: an analysis that influences the decision to either provide the good or service by using internal organization resources or to contract out for a supplier to meet the need?
Development of supplier relationships to enhance the procurement/production of goods and services consumed by the entity.
Identification of specific functional demand attributes and/or linking of procurement spending to specific goals and objectives within the entity.
What are examples of strategic procurement planning?
Difference between mission statement and vision statement?
What is: Mission statements focus on the organization's reasons for being in existence while the vision statement reflects where the organization is going. Vision statements do not have a particular length. They can be as short or as long as needed to get the point across.
Three primary sources of procurement laws in any governmental jurisdiction?
What are: statutory, administrative, and common laws?
___ _____ occurs when there is an agreement among potential competitors to manipulate the competitive bidding process. For example, by agreeing not to bid, to bid a specific price, to rotate bidding, or to give kickbacks to purchasers.
What is: Bid rigging?
The process of collecting, cleansing, classifying and analyzing expenditure data from all sources within the organization (i.e. purchasing card, eProcurement systems, etc.)
What is: spend analysis?
A school district buyer has a mandate from the Board to increase SWMBE (small, woman-owned, minority-owned business enterprise) opportunities. What would be the best step for her to take in order to do so?
What is: Using low-hanging fruit to increase DBE participation is an effective strategy and the best choice.
SWOT, SOAR, PESTEL
What are: methods for analyzing factors to create a mission statement?
Four types of authority? Name and Define them.
What is:
How do you determine TCO?
What is:
Identify and quantify the factors that affect costs.
Identify and quantify the factors that affect costs.
Estimate future costs that will be incurred.
Total all costs and benefits to obtain the life cycle cost.
A public entity has a non-competition threshold that says any purchase below $5,000.00 does not require competition. Over a three-month period, a supervisor has asked a procurement professional on 3 separate occasions to directly purchase without competition, the same products needed by their entity. On each occasion the value of the purchase was approximately $4,500.00. What should the procurement professional do?
What is: remind the supervisor of the code restrictions on fragmenting orders?
A Procurement Specialist in a large city is in the planning stages of a waste management contract in a municipality in which labor unions are prevalent. Which is a concern that may be addressed in the solicitation?
What is: worker safety?
OCI?
What is: prevents a supplier from competing on a solicitation when it has an unfair advantage derived from unequal access to information gained through a prior relationship with the public entity (more than just the advantages of incumbency). Conflicts can arise, for example, when a company has access to solicitation information (or has assisted in RFP development) and then submits a proposal on the project.
Three sources of procurement instruction?
AND DAILY DOUBLE: HOW DO THEY RELATE?
What is:
Name and define the 6 types of risk, every procurement action should be evaluated for.
Hint: PS^2 CP^2
What are: PS^2 CP^2
Proposal Risk: describing the item of service purchased through specifications and legal document
Surety/Liability Risk: protecting the financial and legal interests of the agency
Schedule Risk: ensuring timely delivery
Contractual Risk: establishing change/amendment procedures, dispute resolution, and breach procedures
Performance Risk: defining acceptance
Price Risk: defining payment terms
The factors below should be considered for ______ ____ ______:
Purchase price versus the sum of the lease payments.
Maintenance and service costs.
Life expectancy of the equipment.
Duration of need for the equipment.
Obsolescence.
Cash flow.
Prevailing interest rates if the goods are going to be financed.
Funding source for the equipment.
What is: lease or rent decisions?