CPPB - Domain VI Questions With Complete
Solutions
Graded A+
QUESTIONS AND ANSWERS
What is a SWOT analysis? ANSWER -Strength, Weaknesses, Opportunities &
Threats
Strengths are _________ situations that will help achieve the organizations
objectives. ANSWER -Internal
Opportunities can be ANSWER -Internal or external
________ are external challenges to the success of the entity's objectives? ANSWER -
Threats
What principle theorizes that 20% of the people yields 80% of the production while
80% of the people yield only 20% of what you do yields 80% of the results. ANSWER
-The Pareto Principle
A process of collecting, cleansing, classifying and analyzing expenditure data from all
sources w/in the organization. ANSWER -Spend analysis
A spend analysis should answer the following questions. ANSWER -What am I really
spending? With whom a I spending it? Am I getting what's been promised for that
spend?
, What is a procurement profile? ANSWER -A procurement profile is the result
produced after conducting a series of various analyses on the procurement
expenditure of an organization.
A buying plan is based on? ANSWER -demand, market and supplier analysis
A success value analysis verified? ANSWER -the procurement of the best product or
service for the need.
To prepare to participate in the strategic procurement plan the procurement
professional must use? ANSWER -best understand the who, what, when and why and
how in the market.
Procurement professionals may use what materials to analyze the market? ANSWER
-Journals, indexes, supplier shows, industry forums, internet, websites and discussions
with colleagues.
Market research is critical to the procurement professional because it gives?
ANSWER -Current information
Buying when prices are high or the product is in short demand results in ? ANSWER
-Over payment
_____________ is a tool to determine future need? ANSWER -Forecasting
Solutions
Graded A+
QUESTIONS AND ANSWERS
What is a SWOT analysis? ANSWER -Strength, Weaknesses, Opportunities &
Threats
Strengths are _________ situations that will help achieve the organizations
objectives. ANSWER -Internal
Opportunities can be ANSWER -Internal or external
________ are external challenges to the success of the entity's objectives? ANSWER -
Threats
What principle theorizes that 20% of the people yields 80% of the production while
80% of the people yield only 20% of what you do yields 80% of the results. ANSWER
-The Pareto Principle
A process of collecting, cleansing, classifying and analyzing expenditure data from all
sources w/in the organization. ANSWER -Spend analysis
A spend analysis should answer the following questions. ANSWER -What am I really
spending? With whom a I spending it? Am I getting what's been promised for that
spend?
, What is a procurement profile? ANSWER -A procurement profile is the result
produced after conducting a series of various analyses on the procurement
expenditure of an organization.
A buying plan is based on? ANSWER -demand, market and supplier analysis
A success value analysis verified? ANSWER -the procurement of the best product or
service for the need.
To prepare to participate in the strategic procurement plan the procurement
professional must use? ANSWER -best understand the who, what, when and why and
how in the market.
Procurement professionals may use what materials to analyze the market? ANSWER
-Journals, indexes, supplier shows, industry forums, internet, websites and discussions
with colleagues.
Market research is critical to the procurement professional because it gives?
ANSWER -Current information
Buying when prices are high or the product is in short demand results in ? ANSWER
-Over payment
_____________ is a tool to determine future need? ANSWER -Forecasting
