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P2P CYCLE

Which of the following is a common bottleneck in the P2P cycle?

 Too many suppliers
 Late payment discounts
 Approval delays
 Excess inventory

What does a bottleneck commodity mean in Kraljic Matrix?

 Easily replaced
 Low risk, high volume
 Non-critical
 High risk, low impact

What is one expected outcome after this simulation on P2P Cycle?

 Improved understanding of P2P cycle management
 Higher cycle times
 Unclear roles
 Increased supplier complaints

What is the typical sequence of the Procure-to-Pay cycle?

 Delivery → PO Creation → Invoice → Approval → Payment
 Invoice → PO Creation → Delivery → Approval → Payment
 PO Creation → Approval → Delivery → Invoice → Payment
 Approval → PO Creation → Invoice → Delivery → Payment

What can help reduce approval delays?

 Hiring more staff
 Ignoring approval processes
 Streamlining workflows and digital approvals
 Increasing paperwork

Why is cross-functional collaboration important in reducing P2P cycle times?

 To align stakeholders and reduce delays
 To hire more suppliers
 To increase approvals
 To increase paperwork

What should participants bring for this simulation?

 Their favorite book
 Random documents
 Historical procurement data of their commodity
 Company logo

Which event can unexpectedly increase P2P cycle times?

 Supplier strike
 Automated payment
 Smooth approvals
 Early deliveries

What is the main goal of measuring KPIs in the P2P cycle?

 To increase purchase volume
 To delay payments
 To punish suppliers
 To identify bottlenecks and improve efficiency

What role does the Kraljic Matrix play in procurement strategy?

 It classifies suppliers based on risk and impact
 It defines employee roles
 It schedules deliveries
 It determines company profit

Invoice processing time can be shortened by:

 Delaying payments
 Manual entry
 Automating invoice matching and approvals
 Increasing supplier numbers

What is the purpose of the leaderboard in this simulation?

 To manage lunch breaks
 To show attendance
 To display sponsors
 To track team performance on KPIs

What is a strategic commodity according to Kraljic?

 Easily substitutable
 Low risk, low impact
 Low value, high volume
 High value, high risk

What is the typical impact of negotiating better supplier terms?

 Increased prices
 Improved delivery times and cost savings
 Longer lead times
 Poor quality

Reducing the P2P cycle time primarily improves which of the following?

 Employee satisfaction only
 Number of suppliers
 Cash flow and project delivery speed
 Supplier prices

Supplier lead time affects which part of the P2P cycle?

 PO creation
 Payment release
 Delivery time
 Invoice processing

Which quadrant of the Kraljic Matrix represents items with high supply risk and high purchase impact?

 Bottleneck
 Strateghic
 Non-Critical
 Leverage

What topic is best covered after this simulation on P2P Cycle?

 Marketing strategies
 Logistics planning
 Supplier Relationship Management and Digital Procurement Tools
 Basic Accounting

Which KPI measures the time taken from PO creation to invoice payment?

 Approval time
 Overall P2P cycle time
 Invoice cycle time
 Purchase order lead time

In which industry is this simulation focused?

 FMCG
 Retail
 Software Development
 Process Industry (PVC, Energy, Fertilizer, Mining)