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WorksheetsProcurement and terms related_Week1_T3
Total questions: 12
Worksheet time: 12mins
PROJECT PROCUREMENT deals with the (a) or purchasing of goods and services
PROCUREMENT MANAGEMENT involves the sequence of (a) that creates, manages and fulfils contracts
Principle activities of procurement management are:
Deciding on procurement strategies.
Soliciting tender offers.
Evaluating tender offers.
Hiring and recruiting staff
The terms purchasing, procurement, supply, supply-chain and materials are all closely linked
True
False
The terms purchasing, procurement, supply, supply-chain and materials are not closely linked
True
False
Define Usage purchasing as:
describes the process of buying, learning the need, supplier selection, price negotiation and then following up to ensure timely delivery.
covers a broader array of processes, including purchasing, stores, traffic, receiving and inspection.
is often used to refer to the department’s efforts to improve procurement.
is the management of materials.
Define procurement as:
describes the process of buying, learning the need, supplier selection, price negotiation and then following up to ensure timely delivery.
covers a broader array of processes, including purchasing, stores, traffic, receiving and inspection.
is often used to refer to the department’s efforts to improve procurement.
is the management of materials.
Define Supply management or supply-chain management as:
describes the process of buying, learning the need, supplier selection, price negotiation and then following up to ensure timely delivery.
covers a broader array of processes, including purchasing, stores, traffic, receiving and inspection.
often used to refer to the department’s efforts to improve procurement.
is the management of materials.
Define materials management as:
describes the process of buying, learning the need, supplier selection, price negotiation and then following up to ensure timely delivery.
covers a broader array of processes, including purchasing, stores, traffic, receiving and inspection.
often used to refer to the department’s efforts to improve procurement.
the management of materials.
(a) planning determines what to procure and when
Solicitation planning is documenting product requirements and identifying potential sources
True
False
(a) administration is the managing of the relationship with the vendor.
