E-Procurement Quiz

What is a key feature of the sell-side e-procurement model?

• Buyer dictates catalogue terms

• Supplier offers a self-service platform

• Multiple buyers manage supplier listings

• Auction is managed by buyer

Which e-procurement model involves a corporate system allowing group purchasing and reverse auctions?

• Marketplace Model

• Buy-Side Model

• Auction Model

• Sell-Side Model

Which of the following is a disadvantage of the sell-side model?

• Buyers have strong negotiation leverage

• Suppliers have to manage many catalogues

• Buyers conform to the supplier's system

• Buyer maintains full ERP integration

What does direct spend typically refer to in procurement?

• Office supplies and catering

• Non-essential purchases

• Core business-related purchases

• Travel and printing expenses

Which procurement model allows multiple buyers and sellers to transact through a third-party site?

• Sell-Side Model

• Buy-Side Model

• Marketplace Model

• Contract Management System

What is the main objective of reverse auctions?

• Build long-term supplier partnerships

• Increase supplier prices

• Enable real-time competition between suppliers

• Remove the need for tenders

In e-procurement, which of the following is true about indirect spend?

• It is always contractually controlled

• It is high priority for procurement teams

• It is typically for mission-critical items

• It includes items like stationery and catering

Which benefit did Cisco achieve from implementing buy-side e-procurement?

• Slower order routing

• Higher error rates

• Reduced purchasing costs

• Decentralized approvals

In a forward auction, who typically controls the auction process?

• The seller

• The buyer

• A neutral auditor

• The ERP provider

Which of the following contributes to a failed e-auction environment?

• Involving new suppliers

• Strategic sourcing preparation

• Pre-agreed bidding behavior among suppliers

• Competitive specifications and standard products