Vendor Management Process at NNPC Limited

Play an AI-generated podcast conversation about this lesson

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?

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?

Random selection of vendors

Competitor analysis

Market research (correct)

Internal surveys

How does NNPC Limited categorize contractors, vendors, and suppliers?

Based on area of specialization and other categories as it deems fit (portfolio matrix) Signup and view all the answers

From where does NNPC Limited procure goods and/or services?

Only from suppliers approved in the Supplier Database Signup and view all the answers

What is the primary requirement for Nigerian registered companies wishing to conduct business with NNPC Limited?

Registering with NNPC Limited through the authorized online portal Signup and view all the answers

What are the key areas against which suppliers are required to summarize their capabilities in the Quality Assurance questionnaire?

Quality Management System, Quality personnel and qualifications, Product quality validation requirements Signup and view all the answers

What must be considered to ensure the reliability and credibility of the supplier verification process?

Existence of clearly defined assessment criteria, Transparent and objective assessment process, Line acceptance of the process of vendor registration Signup and view all the answers

What is a critical success factor for the supplier verification and qualification process?

Transparent and objective assessment process Signup and view all the answers

What are suppliers evaluated based on in the Vendor Performance Management?

$a. Price$, $b. Quality$, $c. Delivery$, $d. Service$ Signup and view all the answers

What happens to suppliers exhibiting non-performance or misrepresentation?

$NNPC Limited shall list as defaulters on the system$ Signup and view all the answers

What is a requirement for verifying office location during supplier verification?

$Receipt for payment of rent$ Signup and view all the answers

Vendor Management Process at NNPC Limited

Podcast Beta

Questions and Answers

What is the objective of the Vendor Management process at NNPC Limited?

How are vendors, suppliers, and contractors expected to conduct business with NNPC Limited?

What does NNPC Limited undertake to inform the development and maintenance of its vendor database?

How does NNPC Limited categorize contractors, vendors, and suppliers?

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 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 is a critical success factor for the supplier verification and qualification process?

What are suppliers evaluated based on in the Vendor Performance Management?

What happens to suppliers exhibiting non-performance or misrepresentation?

What is a requirement for verifying office location during supplier verification?

More Quizzes Like This

Wal-Mart's Point-of-Sale Analytics and Vendor Management

Vendor Management System (VMS) Guidelines Quiz

Software Acquisition and Vendor Management

5_3_2 Section 5 – Governance, Risk, and Compliance - 5.3 – Organizatio...

Upgrade to continue