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M2050-655 Questions and Answers
Procurement initiative to ensure that 90% of all contracts are competitively awarded
Centralize control of Management and IT Consultants to standardize services and pricing
Improve supplier diversity by increasing usage of small and disadvantaged businesses
Independent Audit of the contractual commitment reporting process
Based on customer case studies, using the Emptoris Services Procurement Invoicing capability can accomplish all of the following EXCEPT:
Eliminating pricing discrepancies and errors such as double billing
Automatically compute local taxes on services
Dramatically reduce invoice payment time
Provide suppliers with real-time visibility into paid and pending invoices
Contingent Workers are best defined as:
Any worker who's arrangement differs from regular/permanent, direct wage, and salary employment
Any worker who completes a time card to compute wages
Any worker who's job is not considered permanent
Co-Employment can best be described as:
A temporary worker who performs work for multiple clients within one pay period
A situation where both the buyer and supplier exert some control over the same worker/group of workers, creating a shared liability for pay, unemployment, unfair treatment issues
A situation where a retiree from an organization comes back to work as a temporary employee, collecting both a pension from the buyer and paycheck from an agency
A temporary working for two different agencies at the same time
Which of the following is NOT a source of Savings Realization using Emptor is Services Procurement?
Automatic monitoring SLA violations and calculation penalties in outsourcing contracts
Discount and Rebate Capture - automatically apply volume discounts
Contractual Rate Enforcement- prevent exceeding contracted pricing
Maverick Spend Reduction - enforcing use of preferred suppliers
Which are two typical integration points for Services Procurement deployments?
Materials Management and HR
IT Helpdesk and Accounts receivable
Reduced/Single Sign on and Financy/Accounts Payable (AP)
eProcurement and IT helpdesk
Which of the following is NOT true about procure-to-pay (P2P)?
It is a business process that covers how spending requests are made all the way through to paying its suppliers
The initial step in P2P is issuing purchase orders (POs)
The P2P process is usually under the control of either finance or procurement
It is sometimes standardized but often varies across the organization
Which one of the following is a differentiator Emptoris Services Procurement has over ERP solutions?
It provides business process modeling and workflow capabilities for POs
It provides a reporting and analytics engine
It provides sourcing capabilities to help select the correct supplier
It is a Single Module solution where ERP typically requires 4-6 modules to provide full functionality
Statement of Work (SOW) can best be defined as:
Services Contract based on a written description of services, deliverables, or milestones
Instructions on performing a work assignment for a temporary worker
Document typically used when bringing in multiple temporary workers performing the same role
Document prepared at end of temporary work assignment required for legal compliance in many jurisdictions
Employment Laws, Worker Safety laws and Privacy laws are 3 examples of:
Compliance issues for any supply chain category
Complexities in procuring services that are typically not seen in goods procurement
Laws that apply to employees but not temporary workers
Laws that apply to temporary workers but not employees
Within the Emptoris Suite, Services Procurement is most correctly classified as:
A source to contract solution
A Category Spend Management & Compliance Solution
A Procurement Intelligence Solution
A Program Management solution