CPPB Exam Questions With 100% Accurate Answers

Radio frequency identification (RFID) - Answer New approaches to distribution and inventory managements. Vendor Managed Inventory - Answer Mostly in private sector, where vendor manages inventory. Electronic signatures - Answer Digital signatures that permit sending authentic electronic documents. Uses a complex mathematical formula to calculate and attach a certificate to the message that verifies the signers identity. Joint use ventures - Answer Agreement between various governmental agencies that may involve the joint use of public property such as buildings and equipment These agreements max the value for the taxpayer but jurisdictional/territorial rights are diminished.. Code of Ethics - Answer Based on three concepts - Impartiality Demands that all suppliers and contractors are treated equally without discrimination. Honesty - Demands truth in all dealing, both with contractor and the public. Loyalty - Be faithful and dedicated to the entity and remain free from contract of interest, etc. ethics ARE AN IMPORTANT COMPONENT OF PROGESSIONALISM AND SHOULD BE EXTENDED BEYOND THE WORKING ENVIRONMENT, S/B LIFESTYLE. Challenges of globalization - Answer Cultural differences, lead time, trade agreements, Governmental processes, Transportation, Legal considerations, Communications, etc. Globalization - Answer WTO - World trade organization, NAFTA - North American Free Trade Agreement. Procurement Card, p-card - Answer Helps reduce the overall small purchases by reducing admin. cost, increase productivity, improving cash management, supplier flexibility, convenience. Green procurement - Answer Now pursuing environmentally friendly products. Product with recycled content. Established orgs. that set standards - Answer Underwriters Laboratories (UL), Canadian Standards Assoc. (CSA), American National Standards Institute (ANSI) Pan American Standards Commission 9COPANT), etc. Invitation to Bid aka Competitive Sealed Bid - Answer Preferred method for acquitting some good and or services and construction for public use in which award is made to the lowest responsive and responsible bidder. Does not include negotiation. More on invitation to bid - Answer Perceived to be the most impartial means of awarding a public contract. Open, fair and allows competition. How is the best value of an award achieved? - Answer Through the Request for proposal method. What is (ITN) Invitation to negotiate? - Answer Similar to RFP process, Two negotiation methods are allowed: single negotiation and concurrent negotiation.