CPPB Exam - Domain VI - Strategic Procurement Planning Questions and Answers 2024/202
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Course
CPPB
Institution
CPPB
SWOT analysis
a planning tool used to analyze an organization's strengths, weaknesses,
opportunities, and threats
Pareto Principle
80% of purchasing cost is created by 20% of the purchase orders issued
spend analysis
process of collecting, cleansing, classifying and analyzing exp...
CPPB Exam - Domain VI - Strategic
Procurement Planning Questions and
Answers 2024/2025
SWOT analysis
a planning tool used to analyze an organization's strengths, weaknesses,
opportunities, and threats
Pareto Principle
80% of purchasing cost is created by 20% of the purchase orders issued
spend analysis
process of collecting, cleansing, classifying and analyzing expenditure data with the
purpose of decreasing procurement costs, improving efficiency, and monitoring
compliance
procurement profile
result produced after conducting a series of various analyses on:
-procurement expenditures of an organization
- range of commodities & services acquired through procurement (spend analysis),
indicator that identifies highs and lows in the economy
Fixed Period Average
mathematical calculation used to divide total usage for a fixed period (generally 12
months), using the last fiscal calendar, by the number of months involved (generally 12)
resulting average is forecast for comparable future period.
ignores current trends, reflects old patterns and not the current direction.
Moving Average Method
continuous average method to gather most current usage information.
Always uses most recent data - 12 month period would be avg monthly usage for immediately
preceding 12 months; as year progresses, forecast is updating by dropping oldest month and
adding most recent month.
Weighted Moving Average Method
gives more significance to weighting specific information such as seasonal variations.
Mean Absolute Deviation (MAD)
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