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Questions and Answers
What is the primary responsibility of the originating department regarding purchase requisitions?
What is the primary responsibility of the originating department regarding purchase requisitions?
- Maximize the number of purchase requisitions to meet budgetary control purposes
- Ensure requisitioned expenditure is within the procurement plan and complies with policies (correct)
- Split transactions to circumvent approval limits
- Obtain approval from multiple departments for each requisition
Under what circumstances will multiple Purchase Requisitions and Orders be considered as one transaction?
Under what circumstances will multiple Purchase Requisitions and Orders be considered as one transaction?
- When the transactions are from different Business Units
- When the transactions exceed the approval limits
- When the transactions are for different equipment/projects
- When the transactions are of a similar nature over a closely related time period (correct)
Who is responsible for reviewing every requisition according to the text?
Who is responsible for reviewing every requisition according to the text?
- Procurement manager only
- Budget owner and CEO
- Immediate supervisor of the person making the requisition and budget owner (correct)
- Finance department
What is prohibited to circumvent approval limits according to DFA?
What is prohibited to circumvent approval limits according to DFA?
What are the competitive tendering approval limits for NNPC Limited Board according to the text?
What are the competitive tendering approval limits for NNPC Limited Board according to the text?
Who approves single source contracts at NNPC Limited?
Who approves single source contracts at NNPC Limited?
What must every requisition be reviewed by, according to the text?
What must every requisition be reviewed by, according to the text?
What is considered as one transaction for purchase requisitions?
What is considered as one transaction for purchase requisitions?
What is the primary purpose of the Purchase Requisition process?
What is the primary purpose of the Purchase Requisition process?
What is the main consideration for approval decisions in the Purchase Requisition process?
What is the main consideration for approval decisions in the Purchase Requisition process?
What is required to initiate the procurement requisition process according to the Purchase Requisition Policies?
What is required to initiate the procurement requisition process according to the Purchase Requisition Policies?
What do the objectives of the Purchase Requisition process aim to ensure regarding procurement needs?
What do the objectives of the Purchase Requisition process aim to ensure regarding procurement needs?
What is prohibited when initiating the procurement requisition process according to the text?
What is prohibited when initiating the procurement requisition process according to the text?
What does the Purchase Requisition process cover in terms of approval workflow?
What does the Purchase Requisition process cover in terms of approval workflow?
What is essential to guide subsequent procurement-related activities according to the objectives of the Purchase Requisition process?
What is essential to guide subsequent procurement-related activities according to the objectives of the Purchase Requisition process?
What is considered before converting a requisition to a purchase order in the Purchase Requisition process?
What is considered before converting a requisition to a purchase order in the Purchase Requisition process?
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