NIGP /
CPP
/ /
Module
/ //
A Exam Quesstions With Correct answers
// // // // //
A //strategic //plan //is //a //course //of //action //to //achieve //long-
range /
/goals, /
/generally /
/up /
/to /
/five /
/years. /
/Strategic /
/plans /
/reflect /
/the /
/company's /
/direction //and //its //purpose //as //stated //in //its //mission //statement. //To //develop //strategic //plans,
//top /
/management /
/must /
/develop /
/and /
/use /
/summary /
/reports /
/on /
/finances, /
/operations, //and //the //external //environment. //- //CORRECT //ANSWERS(S)✔✔Strategic //Plan
,A //tactical //plan //is //a //course //of //action //to //achieve //short-
term /
/goals, /
/generally /
/within //
a/
/year /
/or /
/less. /
/Tactical /
/plans /
/are /
/concerned /
/with /
/what /
/the /
/units /
/beneath /
/top //management //must //do, //how //they //must //do //it, //and //who //has //the //responsibility. //These
//plans /
/have /
/shorter /
/time /
/frames /
/and //narrower //scopes //than //strategic //plans. //- //CORRECT //ANSWERS(S)✔✔Tactical //Plan
Obtain //the //Entity //and //Departmental //(if //available) //Mission, //Goals, //and //Objectives.
Establish //and //train //a //Strategic //Procurement //Planning //Team.
Review /
/Strengths, /
/Weaknesses, //Opportunities, //and //Threats //(SWOT) //of //the //procurement //function.
,Update /
/the /
/Procurement /
/Department's /
/mission, //goals, //and //objectives, //if //necessary, //based //on //the //above //SWOT //review.
Review /
/the /
/projected /
/budget //for //the //entity //to //determine //likely //procurements //for //the //coming //year. //- //CORRECT
//ANSWERS(S)✔✔Steps //to //take //to //create //a //Procurement //Strategic //Plan
Is //the //objective //logically //related //to //an //identified //goal?
Does /
/each /
/objective /
/describe /
/an //output //or //outcome //in //terms //of //identified //targets, //and //are //they //time //based?
Is //each //objective //realistic //and //attainable?
Is /
/the /
/objective /
/related /
/to //
a/
/specific /
/foreseeable /
/result /
/or /
/outcome /
, /instead /
/of /
/some /
/internal /
/process /
/or /
/output? //- /
/CORRECT /
/ANSWERS(S)✔✔The //creation //of //Strategic //Procurement //Objectives //should //include:
SMART /
/is /
/an /
/acronym /
/that //spells //out //the //requirements //for //establishing //effective //goals //and //objectives. //Creating
//objectives /
/that /
/meet /
/these /
/criteria /
/will /
/enable /
/the /
/entity /
/to //move //forward //more //efficiently, //with //clear //direction //and //within //stated //timelines.
Specific: //Objectives //that //are //detailed //and //clear //so //that //they //are //easy //to //understand.
Measurable: //Quantifiable //objectives //that //include //definite //numbers //and //well-
defined //action //plans.
Attainable: //Realistic //(another //word //used //may //be //"Achievable").
Relevant: //The //objective //matters //and //it //matches //our //overall //goals.
CPP
/ /
Module
/ //
A Exam Quesstions With Correct answers
// // // // //
A //strategic //plan //is //a //course //of //action //to //achieve //long-
range /
/goals, /
/generally /
/up /
/to /
/five /
/years. /
/Strategic /
/plans /
/reflect /
/the /
/company's /
/direction //and //its //purpose //as //stated //in //its //mission //statement. //To //develop //strategic //plans,
//top /
/management /
/must /
/develop /
/and /
/use /
/summary /
/reports /
/on /
/finances, /
/operations, //and //the //external //environment. //- //CORRECT //ANSWERS(S)✔✔Strategic //Plan
,A //tactical //plan //is //a //course //of //action //to //achieve //short-
term /
/goals, /
/generally /
/within //
a/
/year /
/or /
/less. /
/Tactical /
/plans /
/are /
/concerned /
/with /
/what /
/the /
/units /
/beneath /
/top //management //must //do, //how //they //must //do //it, //and //who //has //the //responsibility. //These
//plans /
/have /
/shorter /
/time /
/frames /
/and //narrower //scopes //than //strategic //plans. //- //CORRECT //ANSWERS(S)✔✔Tactical //Plan
Obtain //the //Entity //and //Departmental //(if //available) //Mission, //Goals, //and //Objectives.
Establish //and //train //a //Strategic //Procurement //Planning //Team.
Review /
/Strengths, /
/Weaknesses, //Opportunities, //and //Threats //(SWOT) //of //the //procurement //function.
,Update /
/the /
/Procurement /
/Department's /
/mission, //goals, //and //objectives, //if //necessary, //based //on //the //above //SWOT //review.
Review /
/the /
/projected /
/budget //for //the //entity //to //determine //likely //procurements //for //the //coming //year. //- //CORRECT
//ANSWERS(S)✔✔Steps //to //take //to //create //a //Procurement //Strategic //Plan
Is //the //objective //logically //related //to //an //identified //goal?
Does /
/each /
/objective /
/describe /
/an //output //or //outcome //in //terms //of //identified //targets, //and //are //they //time //based?
Is //each //objective //realistic //and //attainable?
Is /
/the /
/objective /
/related /
/to //
a/
/specific /
/foreseeable /
/result /
/or /
/outcome /
, /instead /
/of /
/some /
/internal /
/process /
/or /
/output? //- /
/CORRECT /
/ANSWERS(S)✔✔The //creation //of //Strategic //Procurement //Objectives //should //include:
SMART /
/is /
/an /
/acronym /
/that //spells //out //the //requirements //for //establishing //effective //goals //and //objectives. //Creating
//objectives /
/that /
/meet /
/these /
/criteria /
/will /
/enable /
/the /
/entity /
/to //move //forward //more //efficiently, //with //clear //direction //and //within //stated //timelines.
Specific: //Objectives //that //are //detailed //and //clear //so //that //they //are //easy //to //understand.
Measurable: //Quantifiable //objectives //that //include //definite //numbers //and //well-
defined //action //plans.
Attainable: //Realistic //(another //word //used //may //be //"Achievable").
Relevant: //The //objective //matters //and //it //matches //our //overall //goals.
