Procurement and Best Business Practice
Sourcing Management
Contracts
Project Management
Negotiations and Quality
100
2/10 net 30
What is Terms
100
Technical, Functional and Performance
What is Specifications
100
A legally enforcable promise
What is a contract
100
Initiation, Planning, Execution, Controlling and Closeout
What is the five Project Management Processes
100
Quality, Capacity/Volume, Service Levels, Length of Contractand Manageing Specifications and Price
What is Organizational Objectives
200
Requisitions, Electronic Data Exchange and MRP/System Generated Orders
What is Types of Purchase Requests
200
Ones that have successfully completed a formal screening process but may not yet have been qualified for the ASL.
What is Qualified Supplier
200
T/F a contact can exist with either an offer and an acceptance
What is False-Need both
200
The earliest date a task can finish, given the tasks preceding it
What is Early Finish
200
T/F Body language has little influence on negotiations
What is False
300
Fixed Costs, Variable Costs and Semivariable Costs
What is Indirect Costs
300
Operational, Technical and Financial
What is Capacity
300
Grant ownership of various forms of expression such as works of art, literature and software programs
What is Copyrights
300
These are people who influence the work of the primary and secondary teams, or are affected by their work, but have no direct contribution.
What is Tertiary Group
300
Two aspects of quality conformance
What is Allowable tolerances and frequency specifications can be met.
400
The reported difference between the actual price paid by the organization and the standard cost shown on the Bill of Materials
What is Purchase Price Variance
400
As a buyers analyize price, they should consider two factors:
What is Competition and ROI
400
Price is not subject to adjustment
What is Firm Fixed Price
400
The sum of the cost to date and the estimates to complete
What is Forecast Total
400
Data Collection, Assesment, Corrective action and Follow up
What is Corrective Action Process
500
(savings X time)-(discount rate X time)
What is Return on Investment
500
Where are we? Where could we be? How can we get there?
What is Strategic Sourcing?
500
Definite Quantity Contracts are also called
What is Take-or-pay
500
Does the seller have, or can the seller be reasonably expected to develop, management processes and procedures to ensure a successful project
What is Management Approach
500
"improvement"
What is Kaizen
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