Procurement of Goods and Services Quiz

What is the main purpose of procurement of goods and services?

• To complicate the organization's operations

• To reduce the availability of goods and services

• To foster the acquisition of quality services and products within acceptable costs

• To increase costs for the organization

What is the critical aspect of competency covered in procurement?

• Developing procurement contracts

• Conducting market research

• Recording and storing employee information

• Preparing a marketing plan

What is the significance of a procurement plan?

• To confuse suppliers

• To ensure compliance with regulations

• To plan for procurement requirements necessary for the organization's activities

• To eliminate the need for suppliers

What is the purpose of a market price survey in procurement?

• To compare prices of goods and services in the market

• To evaluate the financial stability of suppliers

• To increase the budget for procurement

• To determine the best supplier

What is the main goal of bid evaluation in procurement?

• To determine the best offer to acquire goods, work, and services

• To ensure all bids are rejected

• To delay the procurement process

• To select the most expensive bid

What is the purpose of conducting a market price survey?

• To determine the best supplier

• To evaluate the financial stability of suppliers

• To increase the budget for procurement

• To compare prices of goods and services in the market

What is the main focus of private procurement?

• To emphasize profitability

• To reduce the quality of goods and services

• To limit competition

• To complicate the procurement process

What is the legal framework governing public procurement in Kenya?

• Public Procurement and Disposal Act 2015

• Public Procurement and Disposal Regulations 2006

• Supplies Practitioner Management Act 2007

• National case-law

What is one of the main methods of issuing stock?

• Replacement issue

• Last in last out

• Imprest issues

• First in first out

Which of the following is NOT a document used in issuing stock?

• Quotation

• Material returned note

• Material transfer note

• Material requisition note