GTP GTP Supplier Relations & Vendor Management 1

Question 1

What is the primary purpose of a Request for Proposal (RFP) in corporate travel supplier selection?

Accepted Answer

To solicit competitive bids and evaluate suppliers against standardized criteria

Answer

An RFP enables objective comparison of multiple vendors against defined requirements, ensuring best value selection.

Question 2

Which Global Distribution System (GDS) functionality is MOST valuable for a corporate travel manager negotiating airline contracts?

Accepted Answer

Access to real-time fare data and booking volume analytics by carrier

Answer

GDS analytics provide market share and fare data that strengthen a travel manager's negotiating position with airlines.

Question 3

A hotel chain fails to deliver contracted rates consistently. What is the recommended first step for a GTP professional?

Accepted Answer

Document discrepancies and escalate through the formal account management channel

Answer

Documenting discrepancies and using formal escalation preserves the business relationship while holding the supplier accountable.

Question 4

What does 'preferred supplier status' typically offer a corporation in a managed travel program?

Accepted Answer

Negotiated rates, enhanced service levels, and volume rebates

Answer

Preferred supplier agreements exchange volume commitment for reduced rates, service enhancements, and possible rebates.

Question 5

Which of the following is a key component of an effective hotel program audit?

Accepted Answer

Verifying that contracted rates are loaded correctly in the GDS

Answer

Rate loading errors in the GDS cause travelers to be charged incorrect rates, directly impacting program savings.

(GTP) Global Travel Professional Practice Test