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CPPB TEST - DOMAIN VI QUESTIONS AND ANSWERS 100% PASS

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CPPB TEST - DOMAIN VI QUESTIONS AND ANSWERS 100% PASS STRATEGIC PROCUREMENT PLANNING - Provides the processes and tools to modernize public sector efforts around improving service development and delivery system SWOT analysis - strengths, weaknesses, opportunities, threats PARETO PRINCIPLE - 80/20 Rule 80% of Purchasing Cost is created by 20% of the purchase orders issued Spend Analysis - Collecting, classifying, and analyzing the expenditures data from all sources within the organization. PROCUREMENT PROFILE - Result produced after conducting a series of various analyses on the procurement expenditures of an organization, the range of commodities and services acquired through procurement. Adds decision making intelligence to spend analysis. BUYING PLAN - Based on demand, market and supplier analysis EVALUATION STRATEGIES - • Price analysis • Cost analysis 2COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED • Life Cycle Costing RESEARCH TECHNIQUES - Procurement professional must use Market Research to better understand The Who, what, when, why and how in the market. MARKET RESEARCH - Identify the most beneficial method for acquiring, distributing and supporting supplies and services FORECASTING - Tool to determine future needs. It should be used to determine the type of solicitation, such as a spot bid or term contract, based upon market fluctuations and conditions PURCHASING MANAGER'S INDEX (PMI) - WELL ESTABLISHED AND RELIABLE INDICATOR THAT IDENTIFIES HIGHS AND LOWS IN THE ECONOMY FIXED PERIOD AVERAGE - A mathematical calculation used to divide the total usage for a fixed period (generally 12 months). This method will reflect old patterns and not current directions. Moving Average Method - Continuous average method used to gather the most current usage information about an item, by taking current trends into accountan

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Uploaded on
March 30, 2025
Number of pages
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Written in
2024/2025
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CPPB TEST - DOMAIN VI QUESTIONS
AND ANSWERS 100% PASS


STRATEGIC PROCUREMENT PLANNING - ✔✔Provides the processes and tools to
modernize public sector efforts around improving service development and delivery
system

SWOT analysis - ✔✔strengths, weaknesses, opportunities, threats

PARETO PRINCIPLE - ✔✔80/20 Rule

80% of Purchasing Cost is created by

20% of the purchase orders issued

Spend Analysis - ✔✔Collecting, classifying, and analyzing the expenditures data from
all sources within the organization.

PROCUREMENT PROFILE - ✔✔Result produced after conducting a series of various
analyses on the procurement expenditures of an organization, the range of commodities
and services acquired through procurement. Adds decision making intelligence to
spend analysis.

BUYING PLAN - ✔✔Based on demand, market and supplier analysis

EVALUATION STRATEGIES - ✔✔• Price analysis

• Cost analysis




COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED 1

, • Life Cycle Costing

RESEARCH TECHNIQUES - ✔✔Procurement professional must use Market Research
to better understand The Who, what, when, why and how in the market.

MARKET RESEARCH - ✔✔Identify the most beneficial method for acquiring,
distributing and supporting supplies and services

FORECASTING - ✔✔Tool to determine future needs. It should be used to determine the
type of solicitation, such as a spot bid or term contract, based upon market fluctuations
and conditions

PURCHASING MANAGER'S INDEX (PMI) - ✔✔WELL ESTABLISHED AND
RELIABLE INDICATOR THAT IDENTIFIES HIGHS AND LOWS IN THE ECONOMY

FIXED PERIOD AVERAGE - ✔✔A mathematical calculation used to divide the total
usage for a fixed period (generally 12 months). This method will reflect old patterns and
not current directions.

Moving Average Method - ✔✔Continuous average method used to gather the most
current usage information about an item, by taking current trends into accountant
always using the most recent data.

weighted moving average method - ✔✔Builds even more accuracy into the system by
giving more significance to weighting specific information such as seasonal variations

Mean Absolute Deviation (MAD) - ✔✔Importance of using deviations in forecasting is
the ability to look at anticipated high and low side of any given forecast.

Absolute Value of Errors/Number of Errors

The smaller/lower the value of MAD, the more accurate the forecast.




COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED 2

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