The document discusses key concepts in procurement management. It defines procurement as the process of obtaining goods and services and managing procurement relationships. Contracts are legally binding agreements between buyers and sellers that outline obligations. Make-or-buy decisions consider factors like cost, risk, and capabilities. Common contract types include fixed-price and cost-reimbursement contracts. The procurement process involves planning, soliciting bids, selecting suppliers, and administering contracts.
International Journal of Engineering Research and Applications (IJERA) is an open access online peer reviewed international journal that publishes research and review articles in the fields of Computer Science, Neural Networks, Electrical Engineering, Software Engineering, Information Technology, Mechanical Engineering, Chemical Engineering, Plastic Engineering, Food Technology, Textile Engineering, Nano Technology & science, Power Electronics, Electronics & Communication Engineering, Computational mathematics, Image processing, Civil Engineering, Structural Engineering, Environmental Engineering, VLSI Testing & Low Power VLSI Design etc.
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International Journal of Engineering Research and Applications (IJERA) is an open access online peer reviewed international journal that publishes research and review articles in the fields of Computer Science, Neural Networks, Electrical Engineering, Software Engineering, Information Technology, Mechanical Engineering, Chemical Engineering, Plastic Engineering, Food Technology, Textile Engineering, Nano Technology & science, Power Electronics, Electronics & Communication Engineering, Computational mathematics, Image processing, Civil Engineering, Structural Engineering, Environmental Engineering, VLSI Testing & Low Power VLSI Design etc.
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1. Procurement Management
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2. A contract is a ______________ agreement
Across
3. Make-or-buy decisions may be influenced
6. Process of managing procurement by________
relationships, monitoring contract performance, 4. The buyer
and making changes and corrections as needed.
5. A kind of teaming agreement
8. The seller is reimbursed for all allowable costs
for performing the contract work, and receives a 7. The seller
fixed fee payment calculated asa percentage of 9. Lump-sum contract
the initial estimated project costs.
11. Buyer and seller obligations are placed in it
10. process of obtaining seller responses, selecting
a seller and awarding a contract 14. Deliverable-oriented hierarchy
12. A technique of Conduct Procurement
13. process of documenting purchasing decisions,
specifying the approaches, and identifying
potantial sellers.
15. Process of completing each project procurement
Down
1. It includes the processes necessary to purchase
or acquire products