PROCUREMENT EXAM QUESTIONS AND ANSWERS 2025
#9
Procurement is a key supply chain function because... - correct answer -All Companies
buy from suppliers
-Ensuring supplies is key to keep factories running and shelves stocked
Companies spend 50% or more of their revenue with suppliers - correct answer True
Companies in professional services also have procurement spend, just like
manufacturing and retail companies - correct answer True
Which of the following is NOT a procurement core process? - correct answer Order
payment
The ordering cycle is the process focused on placing purchasing orders with suppliers -
correct answer True
Supplier relationship management is the process that focuses on everything that
happens after contacting suppliers - correct answer True
The ordering cycle is focused on developing strategic approaches to categories of
spend - correct answer False
Strategic sourcing is - correct answer Aimed at meeting business needs
The future for procurement is - correct answer -More strategic
-Including greater levels of digitization
-Including new topics such as innovation
The journey of procurement is enabled by - correct answer Automation
Which of the main teaching points did you see in action in Vodafone case? - correct
answer Procurement can help make the world a better place
Which of the main teaching points did you see in action in the Mattel case? - correct
answer Procurement impacts many parts of the business
In the past procurement was more or less focused on the ordering cycle - correct
answer More
The spend cube is helpful to develop an understanding of - correct answer -Spend by
category or area of spend
-Who in the company is buying what
-What we are buying with which supplier
#9
Procurement is a key supply chain function because... - correct answer -All Companies
buy from suppliers
-Ensuring supplies is key to keep factories running and shelves stocked
Companies spend 50% or more of their revenue with suppliers - correct answer True
Companies in professional services also have procurement spend, just like
manufacturing and retail companies - correct answer True
Which of the following is NOT a procurement core process? - correct answer Order
payment
The ordering cycle is the process focused on placing purchasing orders with suppliers -
correct answer True
Supplier relationship management is the process that focuses on everything that
happens after contacting suppliers - correct answer True
The ordering cycle is focused on developing strategic approaches to categories of
spend - correct answer False
Strategic sourcing is - correct answer Aimed at meeting business needs
The future for procurement is - correct answer -More strategic
-Including greater levels of digitization
-Including new topics such as innovation
The journey of procurement is enabled by - correct answer Automation
Which of the main teaching points did you see in action in Vodafone case? - correct
answer Procurement can help make the world a better place
Which of the main teaching points did you see in action in the Mattel case? - correct
answer Procurement impacts many parts of the business
In the past procurement was more or less focused on the ordering cycle - correct
answer More
The spend cube is helpful to develop an understanding of - correct answer -Spend by
category or area of spend
-Who in the company is buying what
-What we are buying with which supplier
