SIMULATIONSX

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



P2P CYCLE

Invoice processing time can be shortened by:

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

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

 Approval delays
 Too many suppliers
 Excess inventory
 Late payment discounts

What can help reduce approval delays?

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

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

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

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

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

 Leverage
 Bottleneck
 Non-Critical
 Strateghic

Supplier lead time affects which part of the P2P cycle?

 Invoice processing
 PO creation
 Payment release
 Delivery time

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

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

Which event can unexpectedly increase P2P cycle times?

 Automated payment
 Supplier strike
 Smooth approvals
 Early deliveries

What should participants bring for this simulation?

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

In which industry is this simulation focused?

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

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

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

What is a strategic commodity according to Kraljic?

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

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

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

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

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

What role does the Kraljic Matrix play in procurement strategy?

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

What is the purpose of the leaderboard in this simulation?

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

What is the typical impact of negotiating better supplier terms?

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

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

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

What does a bottleneck commodity mean in Kraljic Matrix?

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