Procurement Management

Create an image of a business person reviewing contracts and procurement documents in an office setting, with graphs and charts in the background symbolizing strategic planning and management.

Procurement Management Challenge

Test your knowledge of procurement management with our engaging quiz! This quiz covers essential concepts, terminology, and practices in the field of procurement, designed for both beginners and experienced professionals.

Key features:

  • 9 multiple-choice questions
  • Instant feedback on answers
  • Learn while you play!
9 Questions2 MinutesCreated by NegotiatingExpert42
What is procurement management’s objective?
Adquisition of products
Adquisition of projects
Adquisition of services
Adquisition of employees
Match the description: Documenting product requirements and identifying potential sources.
Source Selection
Solicitation
Solicitation Planning
Contract Closeout
Match the description: Obtaining quotations, bids, offers or proposals.
Source Selection
Solicitation
Solicitation Planning
Contract Closeout
 
 
Choose the Fixed Price contracts
Unit Price
Shared Savings
Lump Sum
Cost Plus a Fee
Choose the Variable Price Contracts
Cost Plus a Fee
Lump Sum
Unit Price
Cost Plus Percentage of Cost
In Contract Closeout: Does Input include the contract itself?
True
False
What is Receipt?
To Anticipate orders
To Receive orders
To Supervise orders
What is Expediting
To Receive orders
To Anticipate orders
To Supervise orders
A Bid Package contains the scope of work, specification and general conditions.
True
False
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