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| Section | Objectives |
|---|---|
| Procurement Fundamentals | - Procurement lifecycle overview - Key procurement concepts and terminology |
| Receiving and Invoicing | - Goods receipt and inspection - Invoice matching and payment flow |
| Supplier Management | - Supplier onboarding and qualification - Supplier lifecycle management |
| Requisitioning and Purchasing | - Purchase order creation and management - Requisition creation and approval flow |
| Sourcing and Contracts | - Sourcing processes and negotiation basics - Contract creation and compliance |
1. Which THREE attributes can be used when creating approval rules?
A) Category
B) Sourcing amount
C) Requisition amount
D) Retroactive price
E) Ordered amount
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 activated 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 in draft to be available in the list
D) The clause has to be saved to be available in the list
3. Which two tasks can be performed in Supplier Portal?
A) Create RFQ
B) Submit invoices
C) Update contract deliverables
D) Sign contract
4. Which of the following are key life cycle tasks for supplier agreements? (Choose two)
A) Track agreement execution status
B) Control downstream activities
C) Define supplier payment terms
D) Define supplier performance criteria
5. In which two places can you set the requirement for electronic signature for contracts?
A) Line Type
B) Terms Template
C) Signature Envelope
D) Contract Type
Solutions:
| Question # 1 Answer: A,C,E | Question # 2 Answer: A | Question # 3 Answer: B,C | Question # 4 Answer: A,B | Question # 5 Answer: C,D |
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