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1. What activities should be completed before an auction begins?
There are 2 correct answers to this question.
Response:
A) Initiate the supplier performance management process.
B) Negotiate contract terms with the suppliers.
C) Complete supplier outreach and data collection.
D) Identify the strategy for awarding the business.
E) Conduct practice events for internal stakeholders and suppliers.
2. How can you limit the number of instances of the dForm that can be created within a sourcing project?
Please choose the correct answer.
Response:
A) Update system parameters.
B) Update task settings.
C) Update the dForm.
D) Update the template with an ad hoc create limit.
3. You want to allow suppliers to see the lowest bid in a reverse auction. What event rule do you set?
Please choose the correct answer.
Response:
A) No tie bids for rank: 1
B) Must participants beat lead bid: Yes
C) Show lead bid to all participants: Yes
D) Bid rank that triggers overtime: 1
4. What options are available to split or partially award lots with multiple line items?
There are 2 correct answers to this question.
Response:
A) Only a partial percentage of the lot awarded
B) All line items in the lot split by a percentage
C) Each line item awarded to a different supplier
D) All line items in the lot split by a quantity
5. Why would you run an RFI before conducting an RFP or an auction?
There are 2 correct answers to this question.
Response:
A) To verify if suppliers can meet the specifications
B) To gather pricing and capability information
C) To gain a preliminary bid from each supplier
D) To narrow the list of suppliers to invite to later events
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: B,D | Question # 5 Answer: A,B |
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