CPPB Exam - Domain VI - Strategic Procurement Planning Questions and Answers

CPPB Exam - Domain VI - Strategic Procurement Planning Questions and Answers SWOT analysis - ANS ️️ a planning tool used to analyze an organization's strengths, weaknesses, opportunities, and threats Pareto Principle - ANS ️️ 80% of purchasing cost is created by 20% of the purchase orders issued spend analysis - ANS ️️ process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring compliance procurement profile - ANS ️️ result produced after conducting a series of various analyses on: -procurement expenditures of an organization - range of commodities & services acquired through procurement (spend analysis), -markets that provide them (market analysis) -influence of suppliers/entity in the market -risks inherent in market buying plan - ANS ️️ based on demand, market & supplier analyses.