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| Section | Objectives |
|---|---|
| Procurement Fundamentals | - Procurement lifecycle overview - Key procurement concepts and terminology |
| Sourcing and Contracts | - Contract creation and compliance - Sourcing processes and negotiation basics |
| Requisitioning and Purchasing | - Requisition creation and approval flow - Purchase order creation and management |
| Receiving and Invoicing | - Goods receipt and inspection - Invoice matching and payment flow |
| Supplier Management | - Supplier lifecycle management - Supplier onboarding and qualification |
1. Which three are statuses of a purchase requisition?
A) Incomplete
B) Completed
C) Approved
D) Cancelled
2. When creating contract terms template you wish to add a clause; but the clause isn't available in the list to be selected.
What is the likely reason for this?
A) The clause has to be in draft to be available in the list
B) The clause has to be approved to be available in the list
C) The clause has to be saved to be available in the list
D) The clause has to be activated to be available in the list
3. Which THREE attributes can be used when creating approval rules?
A) Requisition amount
B) Sourcing amount
C) Category
D) Ordered amount
E) Retroactive price
4. Where will you find sample contract terms layout templates?
A) Terms Library tasks
B) Setup and Maintenance
C) Contract Administration
D) Business Intelligence
5. Which FOUR activities are part of the Supplier Registration to Supplier Performance lifecycle?
A) Activate Supplier Portal
B) Management Enablement
C) Award Business
D) Optimize Supplier Portfolio
E) Initiate Sourcing Event
F) Register Supplier
Solutions:
| Question # 1 Answer: A,C,D | Question # 2 Answer: D | Question # 3 Answer: A,C,D | Question # 4 Answer: A | Question # 5 Answer: A,B,D,F |
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