CIPS L6M8 - Innovation in Procurement and
Supply. Exam Questions and Answers 100%
Pass
Supply chain integration - Answer✔Supply chain integration requires the procurement
professional to develop strategic collaboration with key supply chain partners and understand
customer requirements.
Behaviours to enhance innovation - Answer✔Pellathy identified 3 key behaviours that affect
how individuals engage with each other:
1, Task behaviours - how an individual executes tasks of their role
2, Organisational citizenship - the quality of a person's interpersonal actions and to challenge
change while accommodating others
3, Counterproductive work behaviours - challenging individuals
Early Supplier Involvement - Answer✔Supplier Involvement is the result of cooperation
between suppliers and the organisation at the product conceptualisation stage. Suppliers will
need to determine the extent to which they are willing to invest in working with organisation
on innovation and procurement & supply
Supplier Involvement - Answer✔Supplier involvement is essential for improving supply chain
effectiveness and contributes to managing the tensions between cost, time and quality.
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Innovation councils - Answer✔Innovation councils provide a governance structure which can be
used to coordinate and maximise innovation throughout the supply chain, coordinating
concurrent innovation efforts across multiple stakeholders within the organisation.
Supplier forums & associations - Answer✔Gaining access to diverse perspectives gives the
procurement professional access to different world views, information & ideas that can help to
drive the development of innovation in the procurement and supply function and the supply
chain.
Supplier forums & associations - Answer✔Provide the opportunity for the procurement
professional to meet with other professionals who may be able to offer a new perspective on a
particular challenges or opportunities.
Professional associations offer access to research, training courses, resources, peer networks
and discussion forums.. this exposes the procurement professional to current thinking, market
changes and technical and practice changes.
technology transfer - Answer✔The organisation can enhance its business operations by
combining innovation to develop new products with technology transfer to secondary supply
partners for existing products.
technology transfer - Answer✔Technology transfer can affect the breadth of distribution
avenues , opening up new market places and opportunities for an organisations products and
services
Data Analytics - Answer✔As of 2016, only 28% of organisations ahd incorporated a big data
initiative and 85% did not have the IT capacity to maganage a database of a petabyte
Advanced analytics - Answer✔The subsets of Advanced analytics:
1, Descriptive analytics - dashboards for ad hoc reporting i.e. what happened?
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2, Predictive analytics - Real-time & historical data to make predictions based on probability i.e.
forecasting using Alogorythims & machine-based learning
3, Prescriptive analytics - Utilises predictions based on data i.e. scenario analysis, game theory,
simulation
Data analytics - Answer✔Data analytics can be used to help the procurement professional
better understand the capacity of suppliers in the supply chain.
Data integration tools in system technology - Answer✔Data integration is a digital process of
integrating and mining data from disparate systems using integrations tools such as:
1, API - Tightly coupled systems integration - Application programming interface - requests data
from various systems e.g. CRM, ERP, SCM - Makes the request, transports response and
translates the response for reporting purposes.
2, SOA - Service-orientated architecture - Promotes loose coupling & greater flexibility meaning
changes in one functions system do not directly affect another functions system.
3, ESB - Enterprise Service Bus - A customised central hub which helps to connect distinct
systems and applications, enabling them to communicate.
4, iPaaS - Integrated platform as-a-service - Cloud based tool that uses web service protocols to
manage integration.
Data integration tools in system technology (4):
API - Application programming interface - Answer✔Tightly coupled systems integration that
requests data from various systems e.g. CRM, ERP, SCM - Makes the request, transports
response and translates the response for reporting purposes.
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Data integration tools in system technology (4):
SOA - Service-orientated architecture - Answer✔Promotes loose coupling & greater flexibility
meaning changes in one functions system do not directly affect another functions system.
Data integration tools in system technology (4):
ESB - Enterprise Service Bus - Answer✔A customised central hub which helps to connect
distinct systems and applications, enabling them to communicate.
Data integration tools in system technology (4):
iPaaS - Integrated platform as-a-service - Answer✔Cloud based tool that uses web service
protocols to manage integration.
(7) Forms of e-procurement:
EDI - Electronic Data Interchange Networks - Answer✔EDI - Electronic Data Interchange
Networks - Suppliers and Buyers linked through a private network called an EDI. Automate
procurement processes including inventory replenishments.
(7) Forms of e-procurement:
B2E - Business to employee requisition applications - Answer✔Enable self service procurement
within the organisational structure to speed up the buying approval process and standardise
requisition proceedures
(7) Forms of e-procurement:
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