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What are some possible negative impacts of not having or
updating a policy or
procedure manual? - ANSWER-Outdated policies may be
irrelevant and
reference antiquated
processes.
Outdated policies may not address changes made in codes and
regulations.
Outdated policies may impede opportunities for more efficient
workflows.
Outdated policies may not reflect changes to technology.
What is the difference between a policy manual and
procedure manual? -
ANSWER-Policies advise what to do, and procedures
advise how to do it.
,What indicators do you think you should look for in a
spend analysis? -
ANSWER-Categories/items with a lot of spending, but no
entity-wide contract.
Categories/items with widely varying purchase prices.
Categories with moderate or low spending, but a large number
of suppliers.
Categories/items with consistently rising prices.
What should a procedure manual include? - ANSWER-1. The
procurement goals, objectives, and responsibilities.
A step-by-step outline of the procurement process including
processing of requisitions, solicitations, bid evaluation and
award, issuance of purchase orders and contracts, follow-up,
and contract administration.
2. Guidelines and steps for use clients for preparing
procurement requisitions,
developing requisitions, receiving and inspection, and
documenting vendor
,performance.
3. A step-by-step outline of property and supply management
programs including inventory control and processes for
transfer and disposal of surplus property.
4. Other special procedures such as the use of
cooperative purchasing
programs and payment
processes.
5. A listing of important forms used in the procurement
process, instructions to
bidders and general conditions governing contracting,
and a glossary of
procurement
terms.
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. - ANSWER-
Strategic Plan
the practices of public procurement professionals are regulated
based on - ANSWER-the common, statutory, and administrative
laws that bind and protect the responsibilities of public entities
across North America.
One of the main challenges for Procurement in developing and
initiating a consistent approach for procurements - ANSWER-is
that commonly, other members of the entity, including senior
management and staff, may resist complying with process
requirements, wanting processes to meet their own needs and
desires.
generate buy-in from stakeholders while ensuring integrity and
consistency in their application. - ANSWER-By creating policies
and procedures with approval of entity leadership, the
procurement professional can codify the entity's standardized
processes.
Procurement professionals involved in the establishment of
policy manuals