During contract closure, a procurement audit includes all of the following EXCEPT: A. Using the payment system to process consideration as per terms of the contract B. Reviewing the contract terms to ensure that they have all been met C. Identifying successes and failures that should be recognized D. Documenting lessons learned You are reviewing performance goals to figure out how much bonus to pay to your team members. What document would you consult to find your team’s bonus plan? A. The reward and recognition plan B. The staffing management plan C. The human resource management plan D. The project’s budget

During contract closure, a procurement audit includes all of the following EXCEPT: A. Using the payment system to process consideration as per terms of the contract B. Reviewing the contract terms to ensure that they have all been met C. Identifying successes and failures that should be recognized D. Documenting lessons learned You are reviewing performance goals to figure out how much bonus to pay to your team members. What document would you consult to find your team’s bonus plan? A. The reward and recognition plan B. The staffing management plan C. The human resource management plan D. The project’s budget

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 1.4A

See similar textbooks

Similar questions

Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. What parts of the supply chain are most closely involved with the situation in this case? What is the responsibility of each part in order to maintain a smooth flow of material?
Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. Why can changes within a supply chain disrupt the normal flow of goods and services within a supply chain?
Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. Explain the role of performance measurement in managing supply chain activities.
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
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..
How to Develop a procurement strategy, to prepare a matrix showing, the nature of purchases, types and requisitions required for any new setup?
You purchase tyres for a range of cars, vans and lorries. For many years these have been sole sourced with a tyre manufacturer. You have been asked to challenge the procurement strategy. a) How will you convince the top management to use a multi-sourcing strategy? b) What sources would you use to find other possible sources of supply who would be invited to tender?
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?
A sourcing strategy is essentially a business case for an organisation to determine an optimal approach to procure resources. AusMed which manufactures medical ventilators, wants to procure a heating tube which is a critical component of humidification equipment. In comparison to the value of the ventilator, the heating tube cost less. Moreover, there are very few suppliers in the world that can supply the heating tubes. Outline the steps involved in the sourcing the heating tube? Discuss what sourcing strategy that AusMed needs to adopt while procuring heating tube?
Below are the weaknesses/ disadvantages of Direct procurement. 1. Risk of stock-outs 2. Relatively high costs 3. Quality standards 4. Handling Relationships How do we overcome those weaknesses?