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M8060-655 Questions and Answers
Which of these is LEAST likely to be a compelling reason to seek a Services Procurement Solution?
Major Incident or Tragedy where supplier work has damaged reputation of hiring company
Mandate to eliminate paper based processes across the business
Major cost reduction initiatives to remain competitive or improve operating margins
Merger or Acquisition vastly expands spend volume and size of supplier pool
Which of the following would NOT be considered a typical 'Hot Button Issue' related to Services Procurement?
Reducing Maverick Spending
Enforcing Headcount Limitations
Gaining Visibility over Outsourced Services and Contract Labor
Ensuring Compliance with Corporate and Government Regulations
Which of the following is typically NOT a key driver for CPOs related to services spend?
Delivering hard dollar cost reductions
Increasing Supplier Pool
Reducing Risk in the Supply Chain
Improving Compliance and usage of approved suppliers
Which of the following would be considered a fundamental weakness of ERP vendors
in the Services Procurement Market?
They only handle goods procurement
The ERP solutions often lack internal support for expanded usage
'Shopping Cart' & catalog eprocurement solutions do not work well for services buyers
ERP implementation partners do not understand the services procurement marketplace
In Services Procurement, a Hybrid Program is best described as:
Using SOW and Hourly Temporary workers on the same project
Portions of services (i.e. Labor) are managed by a Service Provider (BPO or MSP) or Master Vendor an other locations or categories are run by internal teams
Utilizing Supplertiering to distribute spend to different suppliers
Temporary workers working under both hourly agency contracts and outsourced or SOW for the same company
Which of these internal client projects best indicates an opportunity to position services procurement?
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