36 Questions
NNPC Limited SCM Processes and Procedures Manual was issued on 19/01/2023
True
The document contains 5 sections in total
False
The Category Management section has 3.4 Category Management Input & Output Documents
False
The Purchase Requisition Key Performance Indicators are located in section 4.4
True
NNPC Limited SCM involves 15 steps in their Supply Chain Management processes.
False
Emergency Procurement only involves procedures and key performance indicators.
False
Purchasing Cards (P-Cards) does not require any policies and procedures.
False
ADMs are responsible for the disposal of assets within the organization
False
Warehousing does not involve any input & output documents.
False
CAPEX stands for Corporate Affairs, Safety, Health, Environment, and Security
False
The abbreviation CFO stands for Chief Financial Officer
True
Stock Write-Off & Disposal has no key performance indicators.
False
ICB stands for International Competitive Bidding
True
Asset Disposal Committee is responsible for recommending the best method of disposing obsolete or surplus equipment or stock.
True
Authority for Expenditure is a budgetary document that authorizes an individual or group to spend a certain amount of money for a project.
True
NCDMB stands for Nigerian Content Development & Monitoring Board
True
EOQ stands for Engineering, Operations, and Quality
False
Bill of Engineering Measurement and Evaluation lists all work items, their estimated quantities and cost.
True
NNPC Limited SCM involves 16 steps in their Supply Chain Management processes.
False
LC stands for Letter of Credit
True
NNPC Limited SCM involves 14 steps in their Supply Chain Management processes.
False
MRP stands for Materials Return Policy
False
Stock Review involves only policies and procedures.
False
Operating Expense refers to costs incurred through normal business operations.
True
Delegation of Authority outlines the powers and authority granted to NNPC's management for functions and responsibilities.
True
Enterprise Resource Planning refers to technologies and systems managing core business processes in real time.
True
Material Safety Data Sheet provides information on potential hazards and handling instructions for chemicals.
True
Single Goods Declaration is a customs document detailing unabridged information on imported or exported goods.
True
NNPC Limited SCM Processes and Procedures include a Pro-forma Invoice, which is a preliminary bill of sale sent to buyers before shipment or delivery.
True
Turnaround Maintenance involves plant shutdowns for inspections, repairs, replacements, and overhauls.
True
Vendor Management includes input & output documents and key performance indicators.
True
Bill of Quantities details specific measured quantities of items of work identified by drawings and specifications in tender documentation.
True
Capital Expenditure refers to spending on acquiring or upgrading productive assets for more than one accounting period.
True
Material Return Form tracks the return of previously issued materials to the warehouse.
True
Request for Proposal solicits proposals from qualified contractors for goods, works, or services.
True
Business Unit in NNPC Limited is not a profit center focusing on specific products or services to specific market segments.
False
Study Notes
- Bill of Quantities: A document detailing specific measured quantities of items of work identified by drawings and specifications in tender documentation.
- Business Unit: A profit center within NNPC Limited focusing on specific products or services to specific market segments.
- Capital Expenditure: Spending on acquiring or upgrading productive assets for more than one accounting period.
- Delegation of Authority: Manual outlining the powers and authority granted to NNPC's management for functions and responsibilities.
- Delegation of Financial Authority: Document setting out financial thresholds and staff grades able to commit expenditure and incur liabilities.
- NNPC Limited SCM Processes and Procedures:
- Disposal Request Form: Initiates, documents, and tracks disposal process for assets.
- Expression of Interest: Formal notice inviting suppliers to register interest for goods or services.
- Economic Ordering Quantity: Ideal order quantity to minimize inventory costs.
- Enterprise Resource Planning: Technologies and systems managing core business processes in real time.
- Form M: Mandatory document for importation, valid for 180/365 days, with extensions and approvals from Central Bank of Nigeria.
- Goods Receipt Note: Receipt given to supplier for confirmation of delivery or acceptance of goods.
- Letter of Credit: Bank guarantee for payments under specified conditions.
- Material Issue Voucher: Documents issuing of materials to user department.
- Material Return Form: Tracks return of previously issued materials to warehouse.
- Material Safety Data Sheet: Provides information on potential hazards and handling instructions for chemicals.
- Material Transfer Voucher: Documents and tracks transfer of materials or equipment from one location to another.
- Operating Expense: Costs incurred through normal business operations.
- Pre-Arrival Assessment Report: Submitted to Nigeria Customs Service for assessment and clearance before cargo arrival.
- Pro-forma Invoice: Preliminary bill of sale sent to buyers before shipment or delivery.
- Purchase Order: Written authorization for suppliers to deliver goods or services at specified terms.
- Request for Proposal: Soliciting proposals from qualified contractors for goods, works, or services.
- Request for Quotation: Inviting qualified vendors to submit price quotes for purchasing goods, works, or services.
- Strategic Business Unit: Autonomous business unit within NNPC Limited, responsible for generating own operational results and earnings.
- Single Goods Declaration: Customs document detailing unabridged information on imported or exported goods.
- Turnaround Maintenance: Periodic maintenance involving plant shutdowns for inspections, repairs, replacements, and overhauls.
- Terms of Reference: Defines evaluation objectives, scope, responsibilities, and resources.
Test your knowledge of construction and business terminology with this quiz. It covers concepts like bill of quantities, business units, and capital expenditure.
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