Podcast
Questions and Answers
What is the objective of the Vendor Management process at NNPC Limited?
What is the objective of the Vendor Management process at NNPC Limited?
- Minimizing the number of vendors used for contracting activities
- Developing a large pool of vendors without clear definition of services and capabilities
- Ensuring value-driven vendor performance and maintaining a mutually beneficial vendor relationship (correct)
- Maximizing profit from vendor relationships
How are vendors, suppliers, and contractors expected to conduct business with NNPC Limited?
How are vendors, suppliers, and contractors expected to conduct business with NNPC Limited?
- By providing discounts on goods and services
- By registering through the authorized online portal and maintaining technical and financial competence (correct)
- By submitting physical registration forms to NNPC Limited's office
- By directly contacting NNPC Limited's management
What does NNPC Limited undertake to inform the development and maintenance of its vendor database?
What does NNPC Limited undertake to inform the development and maintenance of its vendor database?
- Random selection of vendors
- Competitor analysis
- Market research (correct)
- Internal surveys
How does NNPC Limited categorize contractors, vendors, and suppliers?
How does NNPC Limited categorize contractors, vendors, and suppliers?
From where does NNPC Limited procure goods and/or services?
From where does NNPC Limited procure goods and/or services?
What is the primary requirement for Nigerian registered companies wishing to conduct business with NNPC Limited?
What is the primary requirement for Nigerian registered companies wishing to conduct business with NNPC Limited?
What are the key areas against which suppliers are required to summarize their capabilities in the Quality Assurance questionnaire?
What are the key areas against which suppliers are required to summarize their capabilities in the Quality Assurance questionnaire?
What must be considered to ensure the reliability and credibility of the supplier verification process?
What must be considered to ensure the reliability and credibility of the supplier verification process?
What is a critical success factor for the supplier verification and qualification process?
What is a critical success factor for the supplier verification and qualification process?
What are suppliers evaluated based on in the Vendor Performance Management?
What are suppliers evaluated based on in the Vendor Performance Management?
What happens to suppliers exhibiting non-performance or misrepresentation?
What happens to suppliers exhibiting non-performance or misrepresentation?
What is a requirement for verifying office location during supplier verification?
What is a requirement for verifying office location during supplier verification?
