CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024, Exams of Nursing

Download CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 and more Exams Nursing in PDF only on Docsity! CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ CPPO Practice Exam 2023-2024 with Questions and Answers Market - ANSWER A buyer wants to spot buy propane. Which analysis process should be used to determine when to buy? a. Demand b. Supply c. Performance d. Market Mean Absolute Deviation - ANSWER Forecasts are never completely accurate. Which calculation demonstrates the degree of accuracy? a. Weighted moving average b. Absolute value of errors c. Mean Absolute Deviation CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ d. Supply positioning Weighted moving average - ANSWER A school district wants to determine how many reams of printer paper to carry in inventory. Accurate monthly records of paper purchases exist for the past 108 months. Which forecasting method should be used for the school district? a. Fixed period b. Weighted moving average c. Moving average d. Trend estimation Realistic - ANSWER The plan describes an objective in detail, specifies the outcome, when it should be finished and who is responsible. Which objective attribute is missing? CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ a. Realistic b. Assignable c. Measurable d. Time-related Cost/benefit analysis - ANSWER The entity is trying to determine whether to use solar generated lighting or go with LED lighting for the outdoor lighting in its new central services building. What tool should be used to advise this decision? a. Cost analysis b. Value analysis c. Spend analysis d. Cost/benefit analysis Economic order quantity - ANSWER What calculation Is used to determine the most cost effective quantity of an Item to keep In stock? a. Inventory carrying cost b. Economic order quantity CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ c. Acquisition cost per order d. Average inventory value Obsolete - ANSWER The entity is replacing its computer equipment due to new technology. The equipment to be replaced is four years old. While it still has a useful life, new upgrades to current programs cannot run on the current computers. Which term best describes this equipment? a. Fully depreciated b. Surplus c. Obsolete d. Disposable Expedite - ANSWER Procurement has received word that the entity needs an item much sooner than thought. The order has already been placed. What action should be taken? CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ b. Routing c. Inspecting d. Following up Trade it in - ANSWER The entity is replacing its computer equipment due to new technology. The equipment that is being replaced is approximately two years old, still has a useful life and is not damaged. The new computers will be purchased from the same supplier. What is the best method to dispose of this equipment? a. Trade it in b. Donate it through inter-governmental programs c. Sell it at a public auction d. Dispose of it as scrap Class A - ANSWER The wastewater treatment facility requires six specialized chlorine valves that can withstand very caustic and dangerous chemicals. The facility maintains a couple of these in stock. How would this item most likely be classified? a. Class A CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ b. Class B c. Class B d. Unclassified FIFO - ANSWER The bunao-rings in the inventoried safety valves have a shelf life of 2 years, and the entity uses 3 or 4 of these valves a year. What methodology should be used to issue these rings? a. LIFO b. FIFO c. JIT d. Purchase cards Supply chain management - ANSWER The identification, acquisition, access, positioning and management of resources the organizations needs can best be CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ described as what? a. Economic Order Quantity b. Asset management c. Supply chain management d. Forecasting Calculate costs reasonably incurred by the contractor plus a reasonable profit - ANSWER The Purchasing Department awarded a contract for the construction of three 52-floor office buildings. Construction was delayed one year for excusable political reasons. The contracting officer approved a change order to add one floor to each building to house a cafeteria, a health center, and a gymnasium for the wellness program. Which of the following is most appropriate for determining an equitable adjustment? a. Calculate costs incurred by other contractors in similar circumstances plus a reasonable profit b. Calculate costs equal to the market value of the additional floor c. Calculate costs reasonably incurred by the contractor plus a reasonable profit d. Calculate actual cost of the additional floor plus a reasonable profit CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ Develop and follow a detailed transition plan - ANSWER An entity did not renew its contract with a cleaning service but has awarded the contract to another service provider. What should the contract manager do to ensure a smooth change? a. Facilitate a meeting between the two contractors b. Make sure he collects all the keys and gives them to the new contractor c. Issue a Notice of Substantial Compliance d. Develop and follow a detailed transition plan Begin the process of building documentation of the issues by issuing a Cure Notice - ANSWER A procurement officer was asked by his entity to terminate a contract in the middle of its 5 year contract term and re-solicit the service. The reasons given were legitimate contract deficiencies, and failure to perform. After review of the contract file, the procurement officer determines that this is the first documented issue with this contractor. When the procurement officer asks about CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ measures taken to remedy the contract performance concerns, the program manager stated that she had several phone calls with the contractor's staff and she has not gotten the results they promised in those phone calls. What should the procurement officer do? a. Terminate the contract for failure to perform and send a letter to the surety of the contract demanding performance bond b. Set a meeting with the contractor to discuss the termination of the contract c. Begin the process of building documentation of the issues by issuing a Cure Notice d. Ask that the program manager set up a mediation date with the contractor Independent technical testing - ANSWER The entity has a contract with a hazardous material management company to remove asbestos from 83 school buildings. What is the best method for the entity to employ to ensure compliance with the contract specifications? a. Random sampling b. Independent technical testing CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ c. Spot inspection d. 50% inspection by the agency's project Liquidated Damages - ANSWER In contracts where delinquent performance can result in damage, which provision would be most useful? a. Performance Bond b. Contract Warranties c. Termination for Default d. Liquidated Damages Terminate for Convenience - ANSWER The entity awarded a contract to complete CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ b. Create the foundation for litigation c. Favor the government's position for quick resolution d. Ensure the prevailing party is well compensated Conduct brainstorming sessions to develop options - ANSWER Which of the following is a key step in planning for negotiations? a. Identify information your team will withhold from the other team b. Agree to adhere to specific details c. Conduct brainstorming sessions to develop options d. Rehearse good guy/bad guy routines Mediation - ANSWER A buyer is in a dispute with a service contractor regarding the terms of their agreement; negotiation has failed. The supervisor would like the buyer to have it resolved in the fairest, most objective, and least costly manner possible. Based on these directives, which would be the best way to resolve the dispute? CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ a. Renegotiations b. Mini-trial c. Litigation d. Mediation Planning - ANSWER In which phase of the negotiation process should one invest the most effort to ensure the highest possibility of success? a. Planning b. Exchanging Information c. Analyzing the other side's tactics d. Agreement CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ Knowing what the other side really wants and needs - ANSWER When preparing for a negotiation session, what knowledge will give the governmental negotiator the most power? a. Understanding the position that must be achieved b. Having good technical knowledge of the proposal c. Identifying a back-up supplier in case the negotiations are not successful d. Knowing what the other side really wants and needs Conduct mock a negotiation - ANSWER If time permits, which planning activity could enhance the team's preparation? a. Read documentation of past negotiations b. Review options c. Conduct mock a negotiation d. Practice the nominal group technique CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ allow for open and fair competition - ANSWER The end user has requested that only local suppliers receive the solicitation. What is the best way to respond to this request? a. Add language to the bid that only local suppliers can submit proposals b. Explain that agency procedures require that all bids be electronically posted to allow for open and fair competition c. Explain that he can only put "Buy America" language in bid specifications d. State that the WTO requires the agency to support the NAFTA program Request the use of an emergency purchase - ANSWER A facility has experienced a sewer line break in the midst of a storm causing flooding In their main building. In this situation, what would be the most appropriate procurement method for the Purchasing Officer to use? CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ a. Prepare a sole source purchase request b. Prepare an invitation for bid for the services c. Instruct the Facility Manager to contact a supplier directly for repairs, and use a small dollar/purchasing card (pCard) d. Request the use of an emergency purchase $101,750 - ANSWER The IT Department is purchasing five (5) large format printers. Each printer has a life span of 7 years with a per unit price of $6,280. The toner cartridge must be replaced quarterly; the price per cartridge is $325. The annual maintenance contract per unit has a price of $710. What is the life cycle cost for this purchase? a. $98,650 b. $114,310 c. $101,750 d. $88,850 CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ Lease the equipment - ANSWER An entity needs special road grading equipment for a 6-month project. Which method of acquisition is most cost efficient? a. Lease the equipment b. Develop a bid solicitation c. Develop a request for proposal d. Buy off a cooperative contract Conduct market research - ANSWER An entity is determining how best to source rail cars and parts for its subway system. What should be the first step? a. Conduct market research b. Ask other jurisdictions how they source for their subway systems CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ c. F.O.B. Shipping Point d. F.O.B. Destination, Freight Prepaid and Allowed Conduct a pre-proposal conference - ANSWER An entity has posted an RFP for a complex procurement. What step should It take to ensure good quality responses? a. Conduct a pre-solicitation conference b. Conduct a pre-proposal conference c. Issue an RFI d. Issue an addendum to the proposal Request written verification of a clerical error from The May Group - ANSWER An entity receives 4 bid responses to a recent solicitation. The award criteria states that the contract award will be made to "the lowest responsive and responsible bidder". The bid prices received were: COMPANY ITEM 1 ITEM 2 TOTAL PRICE Jones & Banks $2,604.00 $68,450.00 $71,054.00 CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ AKR, LLC $3,000.00 $69,430.00 $72,430.00 Lawrence, Inc. $3,950.00 $69,050.00 $73,000.00 The May Group $3,300.00$68,650.00 $17,950.00 a. Award the contract to The May Group b. Request written verification of a clerical error from The May Group c. Award the contract to Jones & Banks d. Correct a clerical error in The May Group's bid price Line-item budgeting - ANSWER The entity wants a simple budgeting methodology that focuses on revenues and expenditures. What budget approach CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ should they use? a. Line-item budgeting b. Rational budgeting c. Performance budgeting d. Zero-based budgeting Zero-based budgeting - ANSWER The entity has traditionally worked with across the board budget increases every year. Now the leaders want an approach that challenges each item in the budget. What budget approach should they use? a. Line-item budgeting b. Rational budgeting c. Performance budgeting d. Zero-based budgeting Standardization - ANSWER For the last ten years, the warehouse has stocked CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ b. Standard setter c. Information seeker d. Initiator Conduct market research to determine if the contract will save money - ANSWER Before entering into a piggyback contract, what action should a procurement official take? a. Conduct market research to determine if the contract will save money b. Contact other jurisdictions to see if they will also piggyback c. Negotiate for better terms and conditions d. Get the support of the end-users CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ Set up a term contract for lumber for small projects through a competitive solicitation - ANSWER A city council member owns the only lumber store in town and gets city orders for small projects that are under the competitive bid requirements. Last year he did over $50,000 of business with the city and the Procurement Manager is concerned about the appearance of a conflict of interest. What is the best way to handle this situation? a. Write a sole source justification for the file b. Make sure orders placed with the lumber store are kept under the small dollar threshold even If orders have to be split c. Meet with the city council member and ask him not to do business with the city d. Set up a term contract for lumber for small projects through a competitive solicitation Review the workload-per-buyer statistics and see if a reallocation of responsibilities is needed - ANSWER The Procurement Official notices that the length of time from receipt of a purchase requisition to issuance of the purchase order has increased for the second quarter in a row. Which of the following actions should he take first? CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ a. Conduct a benchmarking study to determine the average length of time for other comparable agencies b. Talk to Human Resources about the possibility of hiring more staff c. Review the workload-per-buyer statistics and see if a reallocation of responsibilities is needed d. Run the statistical analysis again to see if it was just an error Budget message - ANSWER A letter which accompanies the budget estimate and explains the main points, the assumptions and the major policy recommendations is called the: CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ being the principal indicator of managerial effectiveness. The mayor is asking the departments to develop outcome measures based on customer needs and expectations and to then develop measures to track the progress of programs in achieving the mission, goals and objectives. Under the circumstances, which budgeting method would be most appropriate? A. Line-item budgeting B. Performance budgeting C. Program budgeting D. Zero-based budgeting Quadrant 3 - ANSWER The municipality needs to keep in stock a customized valve that has a long lead time and only 2 possible suppliers. This is a mid-priced item. Where on the supply positioning matrix would this item fall? A. Quadrant 1 CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ B. Quadrant 2 C. Quadrant 3 D. Quadrant 4 Perform a sensitivity analysis - ANSWER The maintenance department is considering the purchase of 10 trucks. The purchase price is $50,000 each and a life span of 6 years. The purchasing department determined a life cycle cost of $82,800 per truck. A local dealer had offered to lease the same trucks to the city for a monthly payment of $1,180 per truck for 72 months. What is the best next step the purchasing department should take? CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ A. Finalize the solicitation document B. Lease the trucks C. Perform a sensitivity analysis D. Perform supplier analysis Performance measures - ANSWER A Strategic Procurement Planning team developed benchmarks on average dollars per order, number of rush orders, and the number of change orders. In what phase of the planning cycle is the team? A. Goals and objectives B. Evaluation C. Performance measures D. Monitoring Shop at the most convenient retail establishments and pay with a Purchasing Card - ANSWER An entity's facility maintenance staff is on the road most of the day travelling between city buildings. They are responsible for miscellaneous repairs CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ reallocate resources. What is the manager's next responsibility? A. Compile total costs across all goals B. Identify end-product measures for each activity C. Compare plan with actual results D. Monitor for changes in goals $468,000 - ANSWER The procurement department purchased 150 all-in-one desktop computers at a delivered unit price of $3,000.00. The computers have an estimated useful life of 5 years and a residual value of $300.00. Maintenance and technical support on the computers is $30.00 per computer per year. The purchasing department donated CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ all the computers to the local school district after 4 years of use. What is the total cost of ownership? A. $472,500 B. $450,000 C. $432,000 D. $468,000 Each element supports the other elements - ANSWER The Strategic plan has several elements such as: Mission Statement, Vision Statement, Goals and Objectives, Action Plans, performance measures, monitoring and evaluation. Which describes an important consideration when developing the plan? A. Mission statement is specific and detailed CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ B. Each element supports the other elements C. Goals and Objectives should be long term D. Develop the performance measure first and end with the mission statement Maintain procedures on the agency intranet - ANSWER The purchasing manager wants to ensure that his buyers follow current procedures when completing solicitations. What is the best way to accomplish this? A. Maintain procedures on the agency intranet B. Send out weekly reminders C. Develop a desk manual that each buyer must use D. Personally check all of the solicitations before they are sent out CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ determine whether to tender for a spot purchase or term contract? A. Cost/Benefit Analysis B. Forecasting C. Demand Analysis D. Value Analysis Demurrage - ANSWER The entity ordered two truckloads of gravel. When the trucks arrived at the designated time and place, the entity was not able to accept the gravel for 3 hours, holding up the supplier's trucks. The entity was charged a penalty fee. What is this fee called? A. Detention B. Dispatch fine C. Demurrage CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ D. Demand deposit Apparent authority - ANSWER Facilities Management Office of a public agency rented a sea container from a supplier for $600.00. The container was delivered after the business hours, and a security officer on duty signed off on a delivery receipt and a Property Damage Release at the request of the truck driver. 10 days after delivery of the container, the supplier sent the invoice to the agency for payment. What type of authority did the security officer assume? A. Express authority CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ B. Implied authority C. Apparent authority D. Inherent authority $171,481.00 - ANSWER The Fleet Department is considering purchasing four vehicles for the Parks Department and has requested Purchasing's assistance in determining the total cost of ownership. The lifecycle of each vehicle is estimated at five years. The purchase price of each vehicle is $22,499.00. Yearly maintenance cost per vehicle is approximately $1,250. Fuel is estimated at approximately $2,650 per vehicle per year. Insurance per vehicle is $874.25 per year. Salvage value is determined to be $3,500 per unit. What is the total cost of ownership for this purchase? A. $157,493.00 B. $190,511.00 CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ B. Create an atmosphere of trust between the bidder and governmental agency C. Decrease the speed at which a protest takes place D. Ensure the governmental agency can participate in a hearing ISO 9000 certification - ANSWER In an effort to upgrade the reliability of its suppliers, the agency wants to do business only with suppliers who are committed to Total Quality Management. What should be added to the supplier requirements? A. Zero Defects Program certification B. ISO 9000 certification CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ C. Six Sigma certification D. Life Cycle Assessment practices (LCA) Creates a green initiative through the resources of a supplier - ANSWER An agency has a large contract with a major printer/copier company. The supplier has offered to provide training on power management features, and training on how to do simple cleaning of the copiers/printers that will extend the life of the equipment. What strategic benefit does this offer? A. Creates awareness of the power consumption of the copiers and printers B. Creates a green initiative through the resources of a supplier C. Creates in-house capability to increase up-time of copiers and printers D. Provides training agency does not have to deliver CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ Mediation - ANSWER A contractor and agency have a conflict. Both sides desire a quick resolution that will not damage their relationship. Given the situation, which is the least intrusive dispute resolution approach? A. Mediation B. Litigation C. Arbitration D. Partnering $275 - ANSWER The Purchasing Department is expecting a shipment of 160 personal printers at a unit price of $250. The Supplier shipped the printers FOB Destination; freight CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ In-process Inspection - ANSWER An agency official has a contract for breathing apparatus for firemen. The official wants to inspect the breathing apparatus while it is being manufactured to ensure compliance with the specifications. What type of inspection is this? A. In-process Inspection B. Technical Testing C. Attribute Sampling D. Exception Inspection Generating a variety of options - ANSWER The procurement official was tasked with organizing a negotiation with a new contractor for a long term contract for the supply of widgets. Each side will not budge on some moderate issues. What planning activity could the official have put more effort into to ensure success? A. Conducting a mock negotiation B. Analyzing the other side's tactics CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ C. Generating a variety of options D. Designing optimal solutions Performance Measures - ANSWER What should a Procurement Officer include In an RFP for human services contracts in order to evaluate the contractor's effectiveness? A. Tasks and Responsibilities B. Performance Measures C. Deliverables D. Milestones CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ Statistical Process Control - ANSWER Which prevention method is a technique used to identify the impending production of an unacceptable product before it actually occurs? A. Change Order Notice B. Inventory Process and Control Notice C. Rejection Notice Procedure D. Statistical Process Control Review contract language to confirm FOB Terms - ANSWER A contract dispute has occurred. A contractor is claiming that they have not been paid in full for items delivered. In reviewing the invoices, it is noted that shipping charges were included in the invoice but were deducted from payment. What is the first thing the contract manager should do? A. Call the vendor to request a revised invoice B. Compare the bid submission to the invoice received CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ C. Dispute to the Contract D. Unilateral change to the contract Analyze contract administration process - ANSWER A contract team has reviewed payments, administrative issues, deliverables and property for a service contract. What would be the next appropriate step in the close out process? A. Review contract administration phases B. Revise contract reports C. Analyze contract budget reports CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ D. Analyze contract administration process Advise the supplier that they will be charged pursuant to the Liquidated Damages clause in contract - ANSWER A contract is awarded for the supply and delivery of a self-contained boiler unit which is anticipated to save the entity approximately $52,000 per year on heating costs. It was contracted to be installed by October 30, but the contract manager has been notified that the unit has been delayed at the border due to incorrect paperwork. The boiler is anticipated to arrive November 27 which is four weeks late. What is the best course of action to take with the supplier? A. Advise the supplier that they will be charged $1000 per week of the delay, equivalent to lost savings B. Advise the supplier that they will be charged pursuant to the Liquidated Damages clause in contract C. Cancel the contract and get another supplier to deliver another similar type of boiler found locally CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ D. No action should be taken with the supplier, because they may get angry and delay further Develop a Performance Plan - ANSWER A public agency awarded the upgrade of their Water Treatment Plant to Zed Contracting, Inc. Installation of the new boiler is critical as the plant cannot be offline for an extended period of time. What actions should the Contract Administration Team take before the contractor begins the project? A. Insert liquidated damages in contract documents B. Develop plan for installation of boiler C. Anticipate actions required to install boiler CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ A. Continue with the warehouse so the items are available to customers when needed but reduce inventory by 25%. B. Develop an RFP for supplies which has just in time delivery terms C. Calculate economic order quantity for each class of item to reduce carrying charges D. Develop a Request For Information (RFI) to solicit ideas from suppliers Establish an incident command center - ANSWER In order to ensure that the purchasing staff can continue to function, what is the most important step to take in establishing order when responding to an emergency event? A. Train all staff in National Incident Management System (NIMS) B. Develop a mechanism to notify staff C. Establish an incident command center D. Follow National Integration Center (NIC) guidelines CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ Advising management on market conditions - ANSWER Which of the following is the best example of procurement's role in the strategic planning process? A. Processing purchase orders in a timely manner B. Advising management on market conditions C. Shipping and receiving warehouse materials D. The recruitment and hiring of qualified procurement staff Procurement can control to some extent the prices they pay - ANSWER Why is timing important for placement of orders in an unstable market? A. Procurement can control to some extent the prices they pay CPPO Practice Exam with Questions and Answers LATEST Updated 2023- 2024 Best Examination Study Guide for Guaranteed Grade A++ B. Procurement can predict the effects of international political situations or weather with more certainty C. Procurement may wait for new models to come to market so they may buy last year's model at a lower price D. Procurement can try to find the optimal balance between supply and demand. Assign resources according to opportunities and risks - ANSWER Why do procurement organizations undertake a strategic procurement planning process? A. Analyze the spending data related to past purchases B. Assign resources according to opportunities and risks C. Map the procurement process D. Identify trends in the market place