Procurement

What is the right order of the procurement procedure?

• Identification of needs

  Selection

  Sourcing

  Negotiation

  Ordering

  Receiving

  Payments

• Identification of needs

  Sourcing

  Selection

  Negotiation

  Ordering

  Receiving

  Payments

• Identification of needs

  Sourcing

  Selection

  Negotiation

  Ordering

  Payments

  Receiving

• Identification of needs

  Selection

  Sourcing

  Negotiation

  Ordering

  Payments

  Receiving

Procurement can be defined as the process of acquiring from a third-party vendor through -

• indirect purchasing

  competitive bidding

  tendering

• direct purchasing

  competitive bidding

  tendering

• direct purchasing

  bidding

  competitive tendering

• indirect purchasing

  bidding

  competitive tendering

After the development phase, the company hopes to move into ....... production fairly soon.

• low-scale

• big-scale

• large-scale

• high-scale

Procurement ..... activities such as -

• involves

• covers

• manages

• runs

Do you think we will be able to ...... our deadline?

• put together

• find

• meet

• achieve

The distributor has ...... our products three times in the past two weeks.

• retook

• reordered

• rebought

A set of documented requirements to be satisfied by a material, design, product, or service.

• technical program

• technical standard

• technical specification

• technical issue

For ..... orders there will be ...... vendor list.

• final/last

• repeat/shortlisted

• repeat/pre-existing

• new/pre-existing

For new items, suppliers need to be investigated to determine their:

• reputation

  speed

  quality

  reliability

  prices

• reputation

  time

  quality

  reliability

  prices

• relations

  speed

  quality

  reliability

  prices

• reputation

  speed

  quality

  interaction

  prices

Which term is NOT the name of a procurement document that solicits an offer from suppliers?

• invitation to negotiate

• request for quotation

• invitation to a party

• invitation for bid