SAP SRM Quiz – SAP SRM Multiple Choice Questions and Answers

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SAP SRM Quiz – SAP SRM Multiple Choice Questions and Answers: Greetings to the aspirants! We have come before you here with another technical quiz namely SAP SRM Quiz. What all the SAP SRM Multiple Choice Questions and Answers that you find here are the Top SAP SRM Online Quiz Questions that are been asked in the SAP SRM relative interviews. Hence, make use of the whole of this article and give it a try for the SAP SRM Online Quiz, as a result, you will get to gain the knowledge in the areas you were needed improvement. And if you would like to give it a try for more Technical Quizzes like the SAP SRM MCQ Test, we suggest you to check into our Technical Quiz page on our freshersnow portal.

SAP SRM Quiz – Details

SAP SRM Online Quiz Test for Practice

Which of the following is not a module of SAP SRM?
a) Supplier Self-Services
b) Catalog Management
c) Financial Accounting
d) Sourcing
Answer: c) Financial Accounting. SAP SRM modules include Supplier Self-Services, Catalog Management, Sourcing, Contract Management, and Spend Analysis.

Which of the following is a key feature of SAP SRM?
a) Purchase Order creation
b) Material Requirement Planning
c) Supplier Relationship Management
d) Production Planning
Answer: c) Supplier Relationship Management. SAP SRM enables companies to manage their interactions with suppliers, including supplier evaluation and selection, contract management, and supplier performance monitoring.

Which of the following is a tool used for supplier evaluation in SAP SRM?
a) Supplier Self-Services
b) Supplier Portal
c) Supplier Evaluation
d) Contract Management
Answer: c) Supplier Evaluation. SAP SRM includes a Supplier Evaluation tool that allows companies to assess their suppliers based on predefined criteria, such as quality, delivery, and service.

Which of the following is not a benefit of using SAP SRM?
a) Improved supplier performance
b) Increased visibility into procurement processes
c) Reduced procurement costs
d) Enhanced financial accounting capabilities
Answer: d) Enhanced financial accounting capabilities. While SAP SRM does offer some financial accounting capabilities, such as invoice processing and payment management, it is primarily focused on procurement and supplier management.

Which of the following is a key component of SAP SRM’s sourcing module?
a) Purchase Order creation
b) Auctions
c) Contract Management
d) Supplier Evaluation
Answer: b) Auctions. The sourcing module of SAP SRM includes a tool for conducting electronic auctions, which can help companies negotiate better prices with suppliers.

Which of the following is a key benefit of using SAP SRM’s catalog management module?
a) Improved supplier performance
b) Increased visibility into procurement processes
c) Reduced procurement costs
d) Enhanced material requirement planning
Answer: c) Reduced procurement costs. Catalog management in SAP SRM allows companies to centralize and standardize their procurement catalogs, which can lead to lower prices and better supplier performance.

Which of the following is a key feature of SAP SRM’s contract management module?
a) Supplier evaluation
b) Purchase order creation
c) Contract authoring and management
d) Spend analysis
Answer: c) Contract authoring and management. SAP SRM’s contract management module allows companies to create and manage contracts with suppliers, including defining terms and conditions and tracking contract performance.

Which of the following is a key benefit of using SAP SRM’s supplier self-services module?
a) Increased visibility into procurement processes
b) Improved supplier performance
c) Reduced procurement costs
d) Enhanced production planning
Answer: b) Improved supplier performance. Supplier self-services in SAP SRM allows suppliers to update their own information and manage their interactions with the company, which can lead to better supplier performance.

Which of the following is a key benefit of using SAP SRM’s spend analysis module?
a) Increased visibility into procurement processes
b) Improved supplier performance
c) Reduced procurement costs
d) Enhanced financial accounting capabilities
Answer: a) Increased visibility into procurement processes. Spend analysis in SAP SRM allows companies to analyze their procurement data and identify areas for cost savings and process improvements.

Which of the following is a key feature of SAP SRM’s supplier portal?
a) Purchase order creation
b) Supplier evaluation
c) Contract management
d) Self-service capabilities
Answer: d) Self-service capabilities. The supplier portal in SAP SRM allows suppliers to access information and perform self-service tasks, such as updating their own information, submitting invoices, and tracking payments.

Which of the following is a key benefit of using SAP SRM’s supplier evaluation tool?
a) Increased visibility into procurement processes
b) Improved supplier performance
c) Reduced procurement costs
d) Enhanced financial accounting capabilities
Answer: b) Improved supplier performance. Supplier evaluation in SAP SRM allows companies to assess supplier performance against predefined criteria, which can help identify areas for improvement and encourage better supplier performance.

Which of the following is a key benefit of using SAP SRM’s invoice management module?
a) Increased visibility into procurement processes
b) Improved supplier performance
c) Reduced procurement costs
d) Enhanced material requirement planning
Answer: a) Increased visibility into procurement processes. Invoice management in SAP SRM allows companies to process and manage invoices more efficiently, which can improve visibility into procurement processes and reduce errors and delays.

Which of the following is a key feature of SAP SRM’s supplier collaboration module?
a) Supplier self-services
b) Auctions
c) Contract management
d) Collaboration tools
Answer: d) Collaboration tools. The supplier collaboration module in SAP SRM includes tools for collaborating with suppliers on procurement processes, such as sharing information and documents and communicating in real-time.

Which of the following is a key benefit of using SAP SRM’s contract authoring tool?
a) Increased visibility into procurement processes
b) Improved supplier performance
c) Reduced procurement costs
d) Faster contract creation and negotiation
Answer: d) Faster contract creation and negotiation. The contract authoring tool in SAP SRM allows companies to create and negotiate contracts more quickly and efficiently, which can reduce procurement cycle times and improve overall procurement performance.

Which of the following is a key feature of SAP SRM’s sourcing cockpit?
a) Supplier evaluation
b) Auctions
c) Contract management
d) Spend analysis
Answer: b) Auctions. The sourcing cockpit in SAP SRM includes tools for conducting electronic auctions, which can help companies negotiate better prices with suppliers.

Which of the following is a key benefit of using SAP SRM’s supplier performance monitoring tool?
a) Increased visibility into procurement processes
b) Improved supplier performance
c) Reduced procurement costs
d) Enhanced financial accounting capabilities
Answer: b) Improved supplier performance. The supplier performance monitoring tool in SAP SRM allows companies to track supplier performance against predefined criteria, which can help identify areas for improvement and encourage better supplier performance.

Which of the following is a key benefit of using SAP SRM’s supplier risk management tool?
a) Increased visibility into procurement processes
b) Improved supplier performance
c) Reduced procurement costs
d) Better risk management
Answer: d) Better risk management. The supplier risk management tool in SAP SRM allows companies to identify and manage potential risks associated with their suppliers, such as financial instability or poor performance.

Which of the following is a key feature of SAP SRM’s purchase order collaboration tool?
a) Supplier self-services
b) Purchase order creation
c) Contract management
d) Collaboration tools
Answer: d) Collaboration tools. The purchase order collaboration tool in SAP SRM allows companies to collaborate with suppliers on purchase orders, such as sharing information and documents and communicating in real-time.

Which of the following is a key benefit of using SAP SRM’s supplier information management tool?
a) Increased visibility into procurement processes
b) Improved supplier performance
c) Reduced procurement costs
d) Better management of supplier information
Answer: d) Better management of supplier information. The supplier information management tool in SAP SRM allows companies to centralize and manage supplier information more efficiently, which can improve supplier performance and reduce procurement cycle times.

Which of the following is a key feature of SAP SRM’s catalog management tool?
a) Supplier evaluation
b) Catalog creation and management
c) Contract management
d) Spend analysis

Answer: b) Catalog creation and management. The catalog management tool in SAP SRM allows companies to create and manage catalogs of goods and services offered by suppliers, which can improve procurement efficiency and reduce costs.

Explanation: SAP SRM offers a wide range of procurement tools and modules designed to help companies manage their procurement processes more efficiently and effectively. These tools include supplier evaluation, invoice management, supplier collaboration, contract authoring, sourcing cockpit, supplier performance monitoring, supplier risk management, purchase order collaboration, supplier information management, and catalog management. By using these tools, companies can improve supplier performance, reduce procurement costs, and increase visibility into procurement processes, among other benefits.

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