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How well do you think you know procurement?

A professional and engaging illustration depicting a business negotiation scene with procurement professionals discussing with vendors, including visual elements like contracts, charts, and products.

Test Your Procurement Knowledge

Are you ready to put your knowledge of procurement to the test? This quiz covers essential aspects of procurement practices, helping you understand the dynamics between buyers and suppliers.

10 engaging multiple-choice questions
Learn about negotiation and value creation
Evaluate your understanding of procurement strategies

10 Questions2 MinutesCreated by NegotiatingNinja204

Most procurement professionals make a bonus for how much they negotiate your price down?

True

False

Procurement is a service organization, not a governance organization.

True

False

Procurement professionals are encouraged to try and help convince buyers in the organization that they might not need what they are looking to procure?

True

False

� When procurement is involved it is because someone in the business wants or needs something you are selling, not to kick you out.

True

False

� Procurement person in large orgs, must deal with you in good faith. They cannot lie, they can however withhold some information around "how much" or "how bad" they want something.

True

False

When procurement tells you that many providers can provide what they want, it is likely because they are courting other vendors as well?

True

False

It is good to disclose early whether or not you might have some wiggle room or flexibility in your pricing?

True

False

� Their job is to get the best deal and a deal is reached when both parties feel that they have achieved best value.

True

False

You should spend a good amount of time educating your procurement contact on our products, solutions, and help them to "give the pitch" internally.

True

False

The best way to generate value for a procurement person is to create a "competitive process" and therefore get you thinking you are in some sort of competition with other companies?

True

False

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