26. What best describes the pre-contractualactivities in procurement administration?a. All activities undertaken before theissuing of the purchase orderO b. All activities undertaken before thedelivery is madec. All activities undertaken before theaward signing of a contractd. All activities undertaken before supplierselection

ANSWER: OPTION (C) IS THE CORRECT ANSWER.

Answered: 26. What best describes the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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a) Explain how and why the “Identification of need and Specification of need” happen to be the two stages of the procurement cycle in which a procurement deal can add most value. b) How do you process purchase requisitions? c) Why should supplier evaluation take place before any orders are placed?
(b) Examine the procurement practices that Khind Holdings could to better manageits supply risks.
Which aspects of IT security would you expect to be incorporating into an IT procurement plan? a. Penetration testing, System hardness, Physical access b. Authorisation, Authentication and Audit expectations c. Anti-virus, Access controls, Password expiry d. You wouldn't consider security in procurement because it is a different issue entirely
Which control or action a management should do to protect the company from the risk or threat brought by the company’s supplier strike that would affect the flow of raw materials? A. Develop a formal and rigorous product testing program. B. Develop an approach for legally gathering information about supplier’s plans and practices. C. Establish policies for inventory record management of raw materials. D. Establish relationship with two or more suppliers capable of providing raw materials (Choose letter only)
Procurement- Which of the following is not a risk of taking legal action against a supplier? A. Loss of supplier B. Embarrassing C. Time-consuming D. Expensive
4 Framework Agreements are a common form of procurement in the public sector. a) What is commonly procured using Framework Agreements? b) What is a difference between a Framework Agreement and a Contract?
10 Which of the following is not a function of the procurement function? a) To ensure the transportation and storage of the supplied goods to and within the enterprise B) Overseeing the effectiveness of the advertising budget NS) Conducting market research on the goods to be purchased D) Establishing a relationship between sources of supply and needs TO) Assessing the demand for the goods to be supplied
V. What are the essential features and functionalities to consider when selecting an e-procurement solution for an organization?
A project needs a specialized resource to work for 12 months. The company will outsource the position. The organization expects all potential service providers to be given the same information about the requirements. Which action should the project manager take to comply? A. Provide advanced notice to the existing vendor. B. Ensure the procurement management plan is sent to each service provider. C. Conduct a bidder conference with the service providers. D. Add each of the service providers to the stakeholder register..
You are the managing Director of Mediconsult, a medical supplies company, located at Tema. Due to the COVID-19 pandemic, your regular import of supplies has been cut by half. As a result, you are unable to meet the demands of most of your clients. Write a letter to the Procurement Director of Abala Hospital, Spintex Road, to inform her of your inability to supply her company's request for face masks.
: Iqra University plans to launch its new campus at Bahria Town Karachi. Thiscampus will facilitate media science and business studies. For a complete setup, the procurementdepartment will have to facilitate a number of purchases including equipment, lab facilities andgeneral items. Develop a procurement strategy for this new campus. You are required to prepare amatrix showing, the nature of purchases, types and requisitions required for the completesetup.
Critically expain how measurement of performance within the procurement and supply department an contribute to achievement of the following in an organization a) icreasing profit b) delivering a higher quality product and services

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26. What best describes the pre-contractual activities in procurement administration?