Q&A procurement

1 What should be included in Requests for Quotations (RFQS) and Invitations to Tender (ITTs)?

• Minimizing content to reduce complexity

• The methodology to evaluate RFQs or ITTS

• Limiting supplier communication

• Avoiding any form of negotiation

Which of the following is a key policy principle for the Crossrail project?

• Limiting the number of suppliers

• Maximizing procurement speed

• Reducing procurement documentation

• Using best practice in the application of ethical standards

Which statement is correct about E-commnerce and E-business?

• E-business refers to buying and selling online, while e-commerce encompasses all business conducted online. E-business can be viewed as a subset of e-commerce.

• E-commerce refers to buying and selling online, while e-business encompasses all business conducted online. E-commerce can be viewed as a subset of e-business.

• E-commerce refers to buying and selling online, while e-business encompasses all business conducted online. E-business can be viewed as a subset of e-commerce.

• E-commerce refers to all business conducted online, while e-business refers to buying and selling transactions. E-commerce can be viewed as a subset of e-business.

A(n)...is a document used to solicit proposals from prospective suppliers.

• RFQ

• REP

• WBS

• SOW

What will procurement procedures set out?

• The need to deal effectively with intellectual property rights

• Methods to reduce procurement time

• How to bypass standard procedures without approval

• The reduction of procurement staff

Which matrix is used for procurement portfolio management to assess supply risk and profit impact?

• A SWOT matrix

• B BCG Matrix

• C Kraljic Portfolio Matrix

• D Ansoff Matrix

What concept relates to an on-line commitment to sell goods or services?

• A. E-procurement

• B. E-supply chain management

• C. E-business

• D. E-commerce

Enhancement of forecasting ability resulting in the capacity to meet and exceed customer demand is an advantage of?

• A E-procurement

• B E-supply chain management

• C E-business

• D E- commerce

Which of the following statements explain the concept of procedure?

• Set of purpose and principles that guide an organization

• Aligns departmental and executive policies

• Establishes behavior for audit purposes

• Formal arrangement of which policies are linked with strategies implemented

Which among the following statements is a part of the request for quotations and invitations to lender?

• A Management of emergency needs to purchase

• Issuance of the bills of materials when applicable

• Methodology for dealing with order acknowledgements

• How and in what circumstances negotiations will take place