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P2P CYCLE

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

 Non-Critical
 Leverage
 Bottleneck
 Strateghic

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

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

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

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

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

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

In which industry is this simulation focused?

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

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

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

What is the typical impact of negotiating better supplier terms?

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

What should participants bring for this simulation?

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

Which event can unexpectedly increase P2P cycle times?

 Supplier strike
 Smooth approvals
 Automated payment
 Early deliveries

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

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

What is a strategic commodity according to Kraljic?

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

What is the purpose of the leaderboard in this simulation?

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

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

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

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

 Approval delays
 Too many suppliers
 Excess inventory
 Late payment discounts

Invoice processing time can be shortened by:

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

Supplier lead time affects which part of the P2P cycle?

 Invoice processing
 Payment release
 Delivery time
 PO creation

What does a bottleneck commodity mean in Kraljic Matrix?

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

What role does the Kraljic Matrix play in procurement strategy?

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

What can help reduce approval delays?

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

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

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