A Guide to Critical Thinking & Clinical Judgment |
Practice Exam & Verified Solutions (Latest
Edition)
Rights of Purchasing - ✔✔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 - ✔✔Enduring beliefs or ideals shared by public procurement about what is good or
desirable and what is not in our actions.
Goals - ✔✔Long-term, tangible, attainable targets for an organization
Policies - ✔✔Plans, courses of action, or governing principles which establishes the general
parameters for the organization to follow in carrying out its responsibilities.
Mission Statement - ✔✔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: - ✔✔Vision, mission, goals, objectives, strategies, performance
measures and evaluation
Vision - ✔✔Identifies where the organization wants to be in the future
, 1
Mission - ✔✔Identifies why it exists, what it is and how it contributes to the local community.
Goals - ✔✔Identifies what the organization is intending to accomplish and proposes the
general end towards which an organization directs its efforts.
Objectives - ✔✔Highly defined targets that require specific action with a shorter time frame.
Strategies - ✔✔Identified methods to achieve specific goals and are used to carry out
objectives. Long range plans
Performance Measures - ✔✔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 - ✔✔Monitoring the end results
Objectives should be: - ✔✔SMART-Specific, measurable, assignable, realistic and time based.
Types of performance measures - ✔✔Demand, workload, efficiency and effectiveness
Demand - ✔✔A measure that assesses the severity of a problem or the scope of work to be
performed.
, CPPO Final Exam with 100% Verified Solutions
| 2-2024
1
Workload - ✔✔A measure that indicates the amount of work which must be performed to
accomplish a specific task.
Efficiency - ✔✔A measure that compares resources used with results obtained.
Effectiveness - ✔✔A measure that determines how well a program or activity meets an
objective or fulfills a need.
Value-added benefits* - ✔✔Takes into consideration quality, cost, service, TCO (total cost of
ownership) and continuity of supply.
Policy Manual - ✔✔Manual that says how we must do it. Defines the general parameters for the
organization to follow in carrying out its responsibilities.
Procedure manual - ✔✔Shows in great detail how to do the work. It functions to not only
provide guidance but to set out forms, process requirements ans steps for each purchasing
action.
Regulations - ✔✔Statements by a governing body to implement, interpret or prescribe law
or policy.
Automated procurement management information systems - ✔✔Saves considerable time
and effort, reduces overhead and improves schedule by eliminating the repetitive clerical
tasks associated with purchasing.
, CPPO Final Exam with 100% Verified Solutions
| 2-2024
1
Enterprise Resource Planning Systems (ERP) - ✔✔Business process software systems that
manage multiple management systems such as finance, accounting, human resources,
purchasing, and inventory.
Retention Schedule for documents* - ✔✔Must save the following: "HAL" Historical,
Administrative and Legal
Cooperative Purchasing - ✔✔Two or more agencies combining their requirements to obtain
advantages of volume purchasing including administrative savings.
Benefits of Cooperative purchasing - ✔✔Provides lower prices for large agencies volume
purchases, lower cost to smaller entities, combines qualities so that each entity gets a good
value and reduces admin costs of purchasing.
Initial Steps to develop a Co-operative Purchasing Program - ✔✔Discuss the advantages,
review agency policies and engage legal counsel to assess laws, develop a whitepaper,
research what other authorities are doing.
Cost Avoidance - ✔✔Actions taken to avoid having to pay some sort of cost. Also a
dedicated effort on the part of the official to carefully analyze the agencies needs to
prevent unnecessary charges.
Cost Reduction - ✔✔Occurs when the current price to be paid by the buyer is lower
than the previous price paid under similar procurement conditions generally as a
result of a favorable competitive market.
Practice Exam & Verified Solutions (Latest
Edition)
Rights of Purchasing - ✔✔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 - ✔✔Enduring beliefs or ideals shared by public procurement about what is good or
desirable and what is not in our actions.
Goals - ✔✔Long-term, tangible, attainable targets for an organization
Policies - ✔✔Plans, courses of action, or governing principles which establishes the general
parameters for the organization to follow in carrying out its responsibilities.
Mission Statement - ✔✔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: - ✔✔Vision, mission, goals, objectives, strategies, performance
measures and evaluation
Vision - ✔✔Identifies where the organization wants to be in the future
, 1
Mission - ✔✔Identifies why it exists, what it is and how it contributes to the local community.
Goals - ✔✔Identifies what the organization is intending to accomplish and proposes the
general end towards which an organization directs its efforts.
Objectives - ✔✔Highly defined targets that require specific action with a shorter time frame.
Strategies - ✔✔Identified methods to achieve specific goals and are used to carry out
objectives. Long range plans
Performance Measures - ✔✔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 - ✔✔Monitoring the end results
Objectives should be: - ✔✔SMART-Specific, measurable, assignable, realistic and time based.
Types of performance measures - ✔✔Demand, workload, efficiency and effectiveness
Demand - ✔✔A measure that assesses the severity of a problem or the scope of work to be
performed.
, CPPO Final Exam with 100% Verified Solutions
| 2-2024
1
Workload - ✔✔A measure that indicates the amount of work which must be performed to
accomplish a specific task.
Efficiency - ✔✔A measure that compares resources used with results obtained.
Effectiveness - ✔✔A measure that determines how well a program or activity meets an
objective or fulfills a need.
Value-added benefits* - ✔✔Takes into consideration quality, cost, service, TCO (total cost of
ownership) and continuity of supply.
Policy Manual - ✔✔Manual that says how we must do it. Defines the general parameters for the
organization to follow in carrying out its responsibilities.
Procedure manual - ✔✔Shows in great detail how to do the work. It functions to not only
provide guidance but to set out forms, process requirements ans steps for each purchasing
action.
Regulations - ✔✔Statements by a governing body to implement, interpret or prescribe law
or policy.
Automated procurement management information systems - ✔✔Saves considerable time
and effort, reduces overhead and improves schedule by eliminating the repetitive clerical
tasks associated with purchasing.
, CPPO Final Exam with 100% Verified Solutions
| 2-2024
1
Enterprise Resource Planning Systems (ERP) - ✔✔Business process software systems that
manage multiple management systems such as finance, accounting, human resources,
purchasing, and inventory.
Retention Schedule for documents* - ✔✔Must save the following: "HAL" Historical,
Administrative and Legal
Cooperative Purchasing - ✔✔Two or more agencies combining their requirements to obtain
advantages of volume purchasing including administrative savings.
Benefits of Cooperative purchasing - ✔✔Provides lower prices for large agencies volume
purchases, lower cost to smaller entities, combines qualities so that each entity gets a good
value and reduces admin costs of purchasing.
Initial Steps to develop a Co-operative Purchasing Program - ✔✔Discuss the advantages,
review agency policies and engage legal counsel to assess laws, develop a whitepaper,
research what other authorities are doing.
Cost Avoidance - ✔✔Actions taken to avoid having to pay some sort of cost. Also a
dedicated effort on the part of the official to carefully analyze the agencies needs to
prevent unnecessary charges.
Cost Reduction - ✔✔Occurs when the current price to be paid by the buyer is lower
than the previous price paid under similar procurement conditions generally as a
result of a favorable competitive market.
