How well do you think you know procurement?
Test Your Procurement Knowledge
Are you ready to put your knowledge of procurement to the test? This quiz covers essential aspects of procurement practices, helping you understand the dynamics between buyers and suppliers.
- 10 engaging multiple-choice questions
- Learn about negotiation and value creation
- Evaluate your understanding of procurement strategies
Most procurement professionals make a bonus for how much they negotiate your price down?
True
False
Procurement is a service organization, not a governance organization.
True
False
Procurement professionals are encouraged to try and help convince buyers in the organization that they might not need what they are looking to procure?
True
False
€¢ When procurement is involved it is because someone in the business wants or needs something you are selling, not to kick you out.
True
False
€¢ Procurement person in large orgs, must deal with you in good faith. They cannot lie, they can however withhold some information around "how much" or "how bad" they want something.
True
False
When procurement tells you that many providers can provide what they want, it is likely because they are courting other vendors as well?
True
False
It is good to disclose early whether or not you might have some wiggle room or flexibility in your pricing?
True
False
€¢ Their job is to get the best deal and a deal is reached when both parties feel that they have achieved best value.
True
False
You should spend a good amount of time educating your procurement contact on our products, solutions, and help them to "give the pitch" internally.
True
False
The best way to generate value for a procurement person is to create a "competitive process" and therefore get you thinking you are in some sort of competition with other companies?
True
False
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