2023 NIGP CPPO Prep Exam Solved 100% Correct

7 Rights of Purchasing - ANSWER-To obtain the right material in the right quantity for delivery at the right time to the right place from the right source(a responsive and responsible supplier) with the right service at the right price. Values - ANSWER-Enduring beliefs or ideals shared by public procurement about what is good or desirable and what is not in our actions. Goals - ANSWER-Long-term, tangible, attainable targets for an organization Policies - ANSWER-Plans, courses of action, or governing principles which establishes the general parameters for the organization to follow in carrying out its responsibilities. Mission Statement - ANSWER-States the purpose of its existence and its core values. it should be no more than three sentences and identifies the purpose of an organization, the services it provides, the customers it seeks to serve and the way it serves. Strategic Plan includes: - ANSWER-Vision, mission, goals, objectives, strategies, performance measures and evaluation Vision - ANSWER-Identifies where the organization wants to be in the future Mission - ANSWER-Identifies why it exists, what it is and how it contributes to the local community. Goals - ANSWER-Identifies what the organization is intending to accomplish and proposes the general end towards which an organization directs its efforts. Objectives - ANSWER-Highly defined targets that require specific action with a shorter time frame. Strategies - ANSWER-Identified methods to achieve specific goals and are used to carry out objectives. Long range plans Performance Measures - ANSWER-The development and alignment of objectives and mechanisms for measuring the accomplishments of objectives to support the strategic goals of the organization. Something to evaluate against. Evaluation - ANSWER-Monitoring the end results Objectives should be: - ANSWER-SMART-Specific, measurable, assignable, realistic and time based.