CORe Exam Dumps | BCD Inc. is in the early stages of selecting a new procure to pay (P2P) system, which is expected to

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HBX.CORE.v2024-09-27.q132
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Question 98/132

BCD Inc. is in the early stages of selecting a new procure to pay (P2P) system, which is expected to add efficiencies and reduce transaction costs. Which of the following is the BEST way for supply management to participate in the selection of this system?

A. Consult with key suppliers to learn their requirements for integration

B. Construct a detailed list of transaction types and estimated processing times

C. Ensure that BCD's IT department understands the top suppliers' requirements for integration

D. Conduct a survey to learn what transactions are regarded as cumbersome

Correct Answer: B

The selection of a new procure-to-pay (P2P) system requires a clear understanding of the specific needs and processes within the organization. By constructing a detailed list of transaction types and estimated processing times, supply management can ensure that the chosen P2P system is capable of handling the organization's workload efficiently and effectively. This step provides a concrete basis for evaluating potential systems and ensures that the selected system will meet the organization's specific requirements. References:
* "Procurement Systems: A Guide to Best Practice in Construction" by Gillian Fawcett and Les Ruddock
* "Procurement and Supply Chain Management" by Kenneth Lysons and Brian Farrington

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