Podcast
Questions and Answers
What is the primary purpose of procurement as an organizational process?
What is the primary purpose of procurement as an organizational process?
What is government procurement also known as?
What is government procurement also known as?
What do organizations with a corporate social responsibility perspective consider in their purchasing activity?
What do organizations with a corporate social responsibility perspective consider in their purchasing activity?
What historical roots does formalized acquisition of goods and services have?
What historical roots does formalized acquisition of goods and services have?
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What do almost all purchasing decisions include factors such as?
What do almost all purchasing decisions include factors such as?
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What percentage of global GDP did government procurement amount to in 2018?
What percentage of global GDP did government procurement amount to in 2018?
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Why do laws of most countries regulate government procurement?
Why do laws of most countries regulate government procurement?
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What do governments usually provide in terms of goods?
What do governments usually provide in terms of goods?
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Why is government procurement necessary?
Why is government procurement necessary?
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What is the Agreement on Government Procurement (GPA)?
What is the Agreement on Government Procurement (GPA)?
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Study Notes
Procurement Overview
- The primary purpose of procurement as an organizational process is to acquire goods, services, or works from an external source.
Government Procurement
- Government procurement is also known as public procurement.
- It is a significant aspect of the economy, amounting to around 12% of global GDP in 2018.
- Governments usually provide goods such as infrastructure, healthcare, and education.
Corporate Social Responsibility
- Organizations with a corporate social responsibility perspective consider factors such as environmental, social, and ethical implications in their purchasing activity.
Historical Roots
- Formalized acquisition of goods and services has historical roots in the ancient civilizations of Egypt, Greece, and Rome.
Purchasing Decisions
- Almost all purchasing decisions include factors such as quality, price, delivery, and service level.
Regulation
- Laws of most countries regulate government procurement to ensure transparency, accountability, and fair competition.
Government Procurement Necessity
- Government procurement is necessary to ensure public services and infrastructure are delivered efficiently and effectively.
Agreement on Government Procurement (GPA)
- The Agreement on Government Procurement (GPA) is a plurilateral agreement under the World Trade Organization (WTO) framework aimed at promoting transparency, competition, and openness in government procurement.
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Description
Test your knowledge of procurement with this quiz! Explore the process of sourcing and purchasing goods and services from external sources, including tendering and competitive bidding. Learn about government procurement practices and contractual obligations.
