Knowledge quiz

It's time to put what you've learned to the test, get 6 right to pass this unit.

There are three correct answers.

Elevating procurement to a strategic function

Enabling deeper procurement capabilities beyond traditional contracting

Improving visibility into third-party services-based vendors

Cutting purchase requisition creation time by 50%

There are three correct answers.

Identifying supply gaps

Automating the entire procurement process

Monitoring spend patterns in real-time

Strengthening supplier relationships

There are three correct answers.

Streamlining category strategy planning

Managing RFP creation and responses

Lowering inventory storage fees

Offering AI-driven suggestions for initiatives

Simplifying logistics planning

Choose the correct answer.

By fostering a cohesive and efficient organizational structure

By implementing new business models

By reducing workforce planning efforts

By increasing pricing and bundling for profit growth

There are three correct answers.

Capturing and analyzing spend data

Developing new supplier relationships

Refining category strategies

Managing dynamic sourcing events

Minimizing logistics costs

There are three correct answers.

Automate supplier selection

Strengthen supplier relationships

Manage operational marketing

Address supply gaps

There are three correct answers.

A 30% reduction in CAPEX from digitalizing sourcing processes

A 15% shorter procurement requisition to purchase order cycle

A 45% boost in catalog orders

Impressive EBITDA growth