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M2050-655 - IBM Emptoris Services Procurement Sales Mastery Test v1 - Real Exam Questions

Vendor Name IBM
Exam Code M2050-655
Exam Name IBM Emptoris Services Procurement Sales Mastery Test v1
Questions and Answers 45 Q & A
Updated On December 7, 2017
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M2050-655 Demo and Sample

Note: Answers are below each question.
Samples are taken from full version.

M2050-655

  1. Procurement initiative to ensure that 90% of all contracts are competitively awarded

  2. Centralize control of Management and IT Consultants to standardize services and pricing

  3. Improve supplier diversity by increasing usage of small and disadvantaged businesses

  4. Independent Audit of the contractual commitment reporting process


Answer: D


QUESTION: 36

Based on customer case studies, using the Emptoris Services Procurement Invoicing capability can accomplish all of the following EXCEPT:


  1. Eliminating pricing discrepancies and errors such as double billing

  2. Automatically compute local taxes on services

  3. Dramatically reduce invoice payment time

  4. Provide suppliers with real-time visibility into paid and pending invoices


Answer: A


QUESTION: 37

Contingent Workers are best defined as:


  1. Any worker who's arrangement differs from regular/permanent, direct wage, and salary employment

  2. Self-Employed individuals

  3. Any worker who completes a time card to compute wages

  4. Any worker who's job is not considered permanent


Answer: A


QUESTION: 38

Co-Employment can best be described as:


  1. A temporary worker who performs work for multiple clients within one pay period

  2. A situation where both the buyer and supplier exert some control over the same worker/group of workers, creating a shared liability for pay, unemployment, unfair treatment issues

  3. A situation where a retiree from an organization comes back to work as a temporary employee, collecting both a pension from the buyer and paycheck from an agency

  4. A temporary working for two different agencies at the same time


Answer: C


QUESTION: 39

Which of the following is NOT a source of Savings Realization using Emptor is Services Procurement?


  1. Automatic monitoring SLA violations and calculation penalties in outsourcing contracts

  2. Discount and Rebate Capture - automatically apply volume discounts

  3. Contractual Rate Enforcement- prevent exceeding contracted pricing

  4. Maverick Spend Reduction - enforcing use of preferred suppliers


Answer: B


QUESTION: 40

Which are two typical integration points for Services Procurement deployments?


  1. Materials Management and HR

  2. IT Helpdesk and Accounts receivable

  3. Reduced/Single Sign on and Financy/Accounts Payable (AP)

  4. eProcurement and IT helpdesk


Answer: C


QUESTION: 41

Which of the following is NOT true about procure-to-pay (P2P)?


  1. It is a business process that covers how spending requests are made all the way through to paying its suppliers

  2. The initial step in P2P is issuing purchase orders (POs)

  3. The P2P process is usually under the control of either finance or procurement

  4. It is sometimes standardized but often varies across the organization


Answer: C

QUESTION: 42

Which one of the following is a differentiator Emptoris Services Procurement has over ERP solutions?


  1. It provides business process modeling and workflow capabilities for POs

  2. It provides a reporting and analytics engine

  3. It provides sourcing capabilities to help select the correct supplier

  4. It is a Single Module solution where ERP typically requires 4-6 modules to provide full functionality


Answer: D


QUESTION: 43

Statement of Work (SOW) can best be defined as:


  1. Services Contract based on a written description of services, deliverables, or milestones

  2. Instructions on performing a work assignment for a temporary worker

  3. Document typically used when bringing in multiple temporary workers performing the same role

  4. Document prepared at end of temporary work assignment required for legal compliance in many jurisdictions


Answer: C


QUESTION: 44

Employment Laws, Worker Safety laws and Privacy laws are 3 examples of:


  1. Compliance issues for any supply chain category

  2. Complexities in procuring services that are typically not seen in goods procurement

  3. Laws that apply to employees but not temporary workers

  4. Laws that apply to temporary workers but not employees


Answer: B


QUESTION: 45

Within the Emptoris Suite, Services Procurement is most correctly classified as:

  1. A source to contract solution

  2. A Category Spend Management & Compliance Solution

  3. A Procurement Intelligence Solution

  4. A Program Management solution


Answer: D

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