Podcast
Questions and Answers
What is the main objective of the reverse auction?
What is the main objective of the reverse auction?
- Limiting the number of suppliers for each auction
- Creating a complex bidding process to confuse suppliers
- Ensuring maximum profit for the sellers
- Quick comparison of products and services to decide the best amongst all (correct)
When is the use of reverse auctions allowed by NNPC Limited?
When is the use of reverse auctions allowed by NNPC Limited?
- For non-competitive procurements
- For procurements with fixed prices
- In a three-round competitive bidding process for procurements where price is a material determinant (correct)
- Only when there is a single supplier available
What influences the choice of using reverse auctions for procurement?
What influences the choice of using reverse auctions for procurement?
- Nature of the supplier relationship, numbers of suppliers, supply risk management, operational response, cost, and time savings in a transparent and objective manner (correct)
- Random selection process
- Buyer's preference only
- Supplier's geographical location
In what scenarios does NNPC Limited allow the use of reverse auctions?
In what scenarios does NNPC Limited allow the use of reverse auctions?
What type of items does the reverse auction benefit according to NNPC Limited?
What type of items does the reverse auction benefit according to NNPC Limited?
What does NNPC Limited aim to achieve through reverse auctions?
What does NNPC Limited aim to achieve through reverse auctions?
What does NNPC Limited seek to ensure through reverse auctions?
What does NNPC Limited seek to ensure through reverse auctions?
What is one of the objectives of using reverse auctions?
What is one of the objectives of using reverse auctions?
How do sellers participate in reverse auctions?
How do sellers participate in reverse auctions?
What does NNPC Limited aim to determine through reverse auctions?
What does NNPC Limited aim to determine through reverse auctions?
What is the primary purpose of a reverse auction as described in the text?
What is the primary purpose of a reverse auction as described in the text?
What is the role of SCM (N-5/6) in the reverse auction process?
What is the role of SCM (N-5/6) in the reverse auction process?
What is the purpose of creating a detailed specification documentation in the reverse auction process?
What is the purpose of creating a detailed specification documentation in the reverse auction process?
What is the responsibility of IT (N-3/4) in the reverse auction process?
What is the responsibility of IT (N-3/4) in the reverse auction process?
Who reviews e-Auction bids and approves the award decision?
Who reviews e-Auction bids and approves the award decision?
What is a key performance measure related to the reverse auction process?
What is a key performance measure related to the reverse auction process?
What should be included in the detailed specification documentation for the reverse auction process?
What should be included in the detailed specification documentation for the reverse auction process?
What type of software should be used for conducting a reverse auction?
What type of software should be used for conducting a reverse auction?
Who communicates award timelines to participating suppliers after the e-Auction is over?
Who communicates award timelines to participating suppliers after the e-Auction is over?
What document should be prepared and transmitted by Tenders Committee Secretary after reviewing e-Auction bids?
What document should be prepared and transmitted by Tenders Committee Secretary after reviewing e-Auction bids?
What document serves as input for SCM (N-4/5) when creating detailed specification documentation?
What document serves as input for SCM (N-4/5) when creating detailed specification documentation?
