SIMULATIONSX

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



P2P CYCLE

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

Invoice processing time can be shortened by:

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

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 topic is best covered after this simulation on P2P Cycle?

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

Which event can unexpectedly increase P2P cycle times?

 Early deliveries
 Automated payment
 Smooth approvals
 Supplier strike

What is the purpose of the leaderboard in this simulation?

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

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

 Approval delays
 Late payment discounts
 Too many suppliers
 Excess inventory

What is the typical impact of negotiating better supplier terms?

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

What does a bottleneck commodity mean in Kraljic Matrix?

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

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

 Leverage
 Non-Critical
 Strateghic
 Bottleneck

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

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

What should participants bring for this simulation?

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

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

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

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

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

Supplier lead time affects which part of the P2P cycle?

 Invoice processing
 Payment release
 PO creation
 Delivery time

What is a strategic commodity according to Kraljic?

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

In which industry is this simulation focused?

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

What can help reduce approval delays?

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

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

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

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

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