SIMULATIONSX

XPERIENTIAL NATURE OF OUR SIMULATIONS ENABLE THE DELEGATES TO LEARN BY DOING!



P2P CYCLE

Which event can unexpectedly increase P2P cycle times?

 Smooth approvals
 Supplier strike
 Early deliveries
 Automated payment

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

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

Invoice processing time can be shortened by:

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

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

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

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

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

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

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

What can help reduce approval delays?

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

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

 Strateghic
 Bottleneck
 Leverage
 Non-Critical

What role does the Kraljic Matrix play in procurement strategy?

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

What does a bottleneck commodity mean in Kraljic Matrix?

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

What is a strategic commodity according to Kraljic?

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

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

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

 Approval delays
 Too many suppliers
 Excess inventory
 Late payment discounts

What should participants bring for this simulation?

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

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

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

In which industry is this simulation focused?

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

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

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

Supplier lead time affects which part of the P2P cycle?

 Payment release
 Delivery time
 Invoice processing
 PO creation

What is the typical impact of negotiating better supplier terms?

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