CPPB Prep Latest Version with Verified Solutions

CPPB Prep Latest Version with Verified Solutions Seven rights of procurement 1. Right materials or services. 2. Right quantity 3. Right time 4. Right place 5. Right source 6. Right service 7. Right price Four types of measurement criteria 1. Demand 2. Workload 3. Effeciency 4. Effectiveness What are the problem solving steps 1. Define the problem. 2. Look at potential causes. 3. Identify alternative approaches. 4. Select an approach. 5. Plan implementation. 6. Monitor implementation. 7. Verify the problem has been resolved. Policy manuals Centrally written and controlled, represent organizational objectives. Procedure manuals level of detail that describes processes, forms, and steps. Supplier manuals Information for suppiers so they know how to do business with the agency. Four phases of budget cycle 1. Planning 2. Formalization 3. Implementation 4. Evaluation. Efficiency A measure that compares resources used with results obtained. Examples include ratio of procurement department operating expesnes to dollar purchases and ratio of procurement personnel to total employees. Effectiveness A measure that determines how well a program or activity meets an objective or fulfills a need. This measure is results oriented and is the most useful in determining priorities.