WorksheetsProcurement in a Box Quiz
Total questions: 10
Worksheet time: 10mins
When should a business partner involve Procurement with their project?
At the beginning of the project
During the negotiation process of the project
After the product/service has been delivered
After the Supplier has been selected
Which of the following is a value add proposition that Procurement provides.
Procurement helps achieve the best results for the business based on best-in-class negotiations and pricing tools
Procurement monitors supplier performance by taking an End-to-End perspective from sourcing to final delivery
Procurement provides access to innovations and proactively offers creative solutions based on superior market insights
All of the above
When does the business partner need a single source letter?
If the total project is over $500,000 and was competitively bid
If the total project is over $200,000 and was not competitively bid
If the total project is over $500,000 and was not competitively bid
If the total project is over $200,000 and was competitively bid
What does the business partner’s signature define on a contract?
The approval of funds
The acceptance and approval of the specifics on the contract
Start of services by the supplier
All of the above
What type of buy can you add additional funds to?
Small Buy
Special Buy
Spot Buy
All of the above
Which of the following is considered a Maverick buy?
The department has supplier provide services before a PO or contract is approved
The department has supplier provide additional services without new or revised PO and contract to cover cost
Department pays for services using manual approval process by signing invoice in place of an approved PO
All of the above
Whose responsibility is it to negotiate pricing with a supplier?
The Office of the General Counsel
The Customer
Procurement
None of the above – we always use the original pricing provided by the supplier
When your purchase requisition is approved in Fiori, you can begin working with the supplier on the project.
True
False
What are some mistakes that people make in regards to financial responsibility?
Request a purchase order after the delivery of goods or services
Signing any contract greater than $5000 without Procurement involvement
Award business to suppliers without Procurement involvement
Allow resources on-site without a valid contract
All of above
Whose responsibility is it to spend money in the company?
The IPS Manager
Any Band 93 (L4)
Any Band 92 (L5)
Any Internal Employee
