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Last Updated: Jun 14, 2026
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1. What activities should be completed before an auction begins?
A) Complete supplier outreach and data collection
B) Initiate the supplier performance management process
C) Conduct practice events for internal stakeholders and suppliers
D) Identify the strategy for awarding the business.
E) Negotiate contract terms with the suppliers
2. How can a customer run reports that identify the business units assigned to each sourcing project?
A) Use the Ship To data for the creator of the sourcing project
B) Use on of the existing header field such as department
C) Add a new question to the full sourcing project template
D) Create a custom header field and make this field reportable.
3. What event rule will allow you to reopen the lot if any of the suppliers have technical issues?
A) Overtime rule
B) Custom offline responses
C) Review period
D) Starting gate
4. What action would allow a user to be able to create or edit a sourcing project?
A) Ensure the user is assigned to the Sourcing Approver system group
B) Ensure the user is assigned to the Sourcing Agent system group
C) Ensure the user is assigned to the Project Owner group within a sourcing project;
D) Ensure a sourcing request was created before the sourcing project
5. What are some of the benefits of requiring pre-bids during the preview period of an auction?
A) Suppliers can see their rank before the auction opens
B) Suppliers can review the number of suppliers participating in the auction
C) Suppliers can verify if they can supply the items at or below the starting price
D) Supplier can verify if they can supply the items as designed;
E) Suppliers can be restricted from participating in an action until they submit a starting price;
Solutions:
| Question # 1 Answer: A,C,D | Question # 2 Answer: B,D | Question # 3 Answer: C | Question # 4 Answer: B,C | Question # 5 Answer: C,D,E |
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