S2P
How many phases does S2P have?
What is 6
The four tiers of supplier segmentation
What is executive, strategic, core and transactional
Two types of contracts
What is signed and unsigned contracts (POs)
The Source phase of S2P
What is supplier award
GMI preferred payment terms
What is 90 days
The gate for Strategy Pillar of S2P
What is Holistic Platform and Category strategy
The three categories of global classification
What is: global, global/regional and regional
True or false: contract amendments, extensions and renewals are subject to the same procedures and approval processes as an EPA
Replaces requirements definition workbook for a bid event
What is ESC Intake Form
Frequency for reviewing new or unclassified spend
What is annually
Define "requirements definition"
A document that: Determines funding, scope, what services, who are the potential suppliers, product specs, establishing stake holders and timelines.
The length of time allowed for contract to be expired
What is 30 days
True or false: a bid event lower than $500M does not require a bid strategy documented
False-- all bid events in ESC require a bid strategy to be completed in Service Now
Standard way to pay suppliers
What is auto pay
The gate for Manage pillar of S2P
What is: supplier risk mitigation
Definition for supplier code of conduct
What is the guiding document of expectations of our supplier base to act responsibly
Gate for Contract Phase of S2P
What is: contract routing and execution
Name 2 of the 3 different tools or systems that will need to be used for a bid event
What is: 2 of the following: GEP Smart tool, Bid strategy in Service Now and ESC Intake tool
General sourcing responsibilities (at least 3)
What is: Total value, annual plan, taxonomy maintenance, responsible sourcing, supplier diversity, sustainability, payment terms
The 3 pillars of corporate social responsibility
What is responsible sourcing, supplier diversity and sustainable sourcing
Another name for unsigned contracts
SAP time or quantity contract
Name 2 contract tools or systems used
What is (any of these 2): contract wizard, contract summary webform, contract dashboard, contract expired tracker, ESC contract short and long boiler plate/template
Difference between bid waiver and no bid required event
What is: bid waiver should be selected in the event that is not competitively bid for new supplier vs no bid required is used for existing suppliers during a line extension, contract amendments, capital reimbursement letters.
Spend value threshold of an expired contract before needing to route a contract exception
What is $2.5MM