CPM CPM Technology and Information Systems in Purchasing

Question 1

An e-procurement system primarily enables organizations to:

Accepted Answer

Conduct purchasing activities electronically, from requisition to payment

Answer

Automate payroll processing

Answer

Replace all human buyers with software robots

Answer

Manage employee benefits enrollment

Question 2

What does ERP stand for in the context of purchasing technology?

Accepted Answer

Enterprise Resource Planning

Answer

Electronic Requisition Processing

Answer

External Request Protocol

Answer

Equipment Replacement Program

Question 3

A supplier portal in procurement technology is used to:

Accepted Answer

Enable suppliers to view POs, submit invoices, and communicate with buyers online

Answer

Allow customers to self-service their own orders

Answer

Manage internal employee purchase requests

Answer

Store archived paper contracts digitally

Question 4

Electronic Data Interchange (EDI) in purchasing refers to:

Accepted Answer

Standardized electronic exchange of business documents between trading partners

Answer

Internal email communication between departments

Answer

Digital signature capture on paper contracts

Answer

Internet-based supplier discovery platforms

Question 5

Spend analytics software in procurement is primarily used to:

Accepted Answer

Analyze purchasing data to identify savings opportunities and manage categories

Answer

Generate marketing reports

Answer

Schedule supplier site visits

Answer

Automate accounts payable journal entries

Question 6

Which term describes purchasing conducted through pre-negotiated contracts on an online marketplace?

Accepted Answer

Catalog purchasing

Answer

Spot buying

Answer

Reverse auctioning

Answer

Consignment buying