Certified Texas Procurement Manager State Test Answered 100% Correct

Purchasing - ANSWER-The act, function and responsibility for the purchase of equipment, materials, services, and construction required by an organization to satisfy the needs of the requestor at the best value for the state while conforming to ethical business practices. IMPORTANT: NEED TO SATISFY NEEDS Trends in Purchasing Profession - ANSWER-Multiple parties in planning process Reducing overall costs Obtaining best value Performance driven process Certified purchasers Basic Public Purchasing Principles - ANSWER-Competition Public Notice Public Opening Open Records Challenges for Purchasers - ANSWER-Purchasing is one of many departments within your agency. Work with people outside your department that you don't know or may never see. Each department is motivated by different goals or cultures. Competition - ANSWER-When 2 or more vendors attempt to secure state business Anchor of most purchasing statutes Reduces opportunity for favoritism Inspires public confidence Required by 2155.063, Tex. Gov't Code Public Notice - ANSWER-Encourage the public to participate in the procurement process. Tools to facilitate public notice: Centralized Master Bidder's List (CMBL); Electronic State Business Daily (ESBD) (Over $25,000) Public Opening - ANSWER-For bids, read the company name and the price. For proposals, read the company name only. Open Records - ANSWER-Public Information Act; Ch. 552, Tex. Gov't Code Outlines which records are open to the public and when. When is very important. State Surplus Property - ANSWER-Property no longer needed by a state agency