Cognitive Sourcing Maturity Assessment

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| By Andrew Fincham
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Andrew Fincham
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Quizzes Created: 1 | Total Attempts: 94
| Attempts: 94 | Questions: 31
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1. How often are sourcing professionals sent for training and continuing education?
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About This Quiz
Cognitive Sourcing Maturity Assessment - Quiz

This Cognitive Sourcing Maturity Assessment evaluates the procurement and sourcing strategies of an organization. It focuses on understanding digital transformation initiatives, data-driven processes, and the structure of sourcing... see moreteams to enhance sourcing maturity. see less

2. What percentage of total direct materials spend is strategically sourced / managed (vs. the "tail spend")?
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3. What is the frequency of scheduled sourcing events or RFQs per year?
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4. What percentage of total suppliers participate in a sourcing event or competitive bid process at least once a year?
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5. What percentage of time do sourcing professionals spend "putting out fires?"
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6. As an organization, how do you measure effectiveness and performance of the strategic sourcing function?
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7. With digital transformation approaching  supply chain and procurement, is your sourcing professionals team and talent ready to take this on?
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8. What tools and technologies are utilized to support strategic sourcing intelligence and negotiation outcomes:
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9. How does your organization typically negotiate with suppliers? Please check all that apply.
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10. On average, how many calendar days does it take to conduct a strategic sourcing event from baseline collection to contract execution?
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11. On average, how much time is spent collecting and preparing baseline data for a sourcing event?
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12. On average, how much time is spent designing and building an RFx?
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13. What supply management data sources are managed in systems? Check all that apply.
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14. How important is it to have New Product Introduction (NPI) system that tracks risks and opportunities during development as well as connects to sustaining cost systems and processes?
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15. What technologies solutions does your organization use or plan to implement in the near future?
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16. About what % of your Direct Materials spend is captured in your Spend Analysis systems or tools?
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17. On average, how much time is spent evaluating bids and providing feedback to suppliers?
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18. On average, how much time is spent preparing for and conducting negotiations?
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19. Who typically leads preparation for the overall commodity/category strategy?
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20. What kind of a superhero are you?
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21. What is the total annual direct materials spend for your organization?
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22. Does your organization have a digital transformation initiative in procurement and/or direct materials sourcing? If so, how long has it been active?
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23. How important is "data-driven procurement" process for your sourcing professionals?
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24. On average, how much time is spent making award decisions and gaining internal approvals?
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25. How often are your spend analysis and related sources of insights refreshed?
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26. How are your sources of insights integrated with your sourcing and RFQ systems?
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27. How do you use external sources of insight?
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28. What organization structure best describes your sourcing team?
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29. What Sources of Insight are typically utilized for negotiations?  Please check all that apply.
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30. Please rate your organization's career development culture.
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31. How does your organization track current events in your market?
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Quiz Review Timeline (Updated): Mar 13, 2023 +

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  • Mar 13, 2023
    Quiz Edited by
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  • Apr 16, 2019
    Quiz Created by
    Andrew Fincham
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How often are sourcing professionals sent for training and continuing...
What percentage of total direct materials spend is strategically...
What is the frequency of scheduled sourcing events or RFQs per year?
What percentage of total suppliers participate in a sourcing event or...
What percentage of time do sourcing professionals spend "putting out...
As an organization, how do you measure effectiveness and performance...
With digital transformation approaching  supply chain and...
What tools and technologies are utilized to support strategic sourcing...
How does your organization typically negotiate with suppliers? Please...
On average, how many calendar days does it take to conduct a strategic...
On average, how much time is spent collecting and preparing baseline...
On average, how much time is spent designing and building an RFx?
What supply management data sources are managed in systems? Check all...
How important is it to have New Product Introduction (NPI) system that...
What technologies solutions does your organization use or plan to...
About what % of your Direct Materials spend is captured in your Spend...
On average, how much time is spent evaluating bids and providing...
On average, how much time is spent preparing for and conducting...
Who typically leads preparation for the overall commodity/category...
What kind of a superhero are you?
What is the total annual direct materials spend for your organization?
Does your organization have a digital transformation initiative in...
How important is "data-driven procurement" process for your...
On average, how much time is spent making award decisions and gaining...
How often are your spend analysis and related sources of insights...
How are your sources of insights integrated with your sourcing and RFQ...
How do you use external sources of insight?
What organization structure best describes your sourcing team?
What Sources of Insight are typically utilized for negotiations?...
Please rate your organization's career development culture.
How does your organization track current events in your market?
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