CIPS L6M8 - INNOVATION IN PROCUREMENT & SUPPLY
FINAL EXAM QUESTIONS & DETAILED ANSWERS
(100%VERIFIED) GRADED A+
Supply chain integration - CORRECT 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 - CORRECT 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 - CORRECT 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 - CORRECT ANSWER >>>Supplier involvement is essential for improving
supply chain effectiveness and contributes to managing the tensions between cost, time and
quality.
Innovation councils - CORRECT 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.
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,Supplier forums & associations - CORRECT 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 - CORRECT 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 - CORRECT 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 - CORRECT 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 - CORRECT 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 - CORRECT ANSWER >>>The subsets of Advanced analytics:
1, Descriptive analytics - dashboards for ad hoc reporting i.e. what happened?
2, Predictive analytics - Real-time & historical data to make predictions based on probability i.e.
forecasting using Alogorythims & machine-based learning
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,3, Prescriptive analytics - Utilises predictions based on data i.e. scenario analysis, game theory,
simulation
Data analytics - CORRECT 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 - CORRECT 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 - CORRECT 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.
3|Page
, Data integration tools in system technology (4):
SOA - Service-orientated architecture - CORRECT 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 - CORRECT 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 - CORRECT ANSWER >>>Cloud based tool that uses web
service protocols to manage integration.
(7) Forms of e-procurement:
EDI - Electronic Data Interchange Networks - CORRECT 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 - CORRECT ANSWER >>>Enable self service
procurement within the organisational structure to speed up the buying approval process and
standardise requisition proceedures
4|Page
FINAL EXAM QUESTIONS & DETAILED ANSWERS
(100%VERIFIED) GRADED A+
Supply chain integration - CORRECT 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 - CORRECT 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 - CORRECT 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 - CORRECT ANSWER >>>Supplier involvement is essential for improving
supply chain effectiveness and contributes to managing the tensions between cost, time and
quality.
Innovation councils - CORRECT 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.
1|Page
,Supplier forums & associations - CORRECT 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 - CORRECT 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 - CORRECT 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 - CORRECT 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 - CORRECT 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 - CORRECT ANSWER >>>The subsets of Advanced analytics:
1, Descriptive analytics - dashboards for ad hoc reporting i.e. what happened?
2, Predictive analytics - Real-time & historical data to make predictions based on probability i.e.
forecasting using Alogorythims & machine-based learning
2|Page
,3, Prescriptive analytics - Utilises predictions based on data i.e. scenario analysis, game theory,
simulation
Data analytics - CORRECT 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 - CORRECT 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 - CORRECT 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.
3|Page
, Data integration tools in system technology (4):
SOA - Service-orientated architecture - CORRECT 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 - CORRECT 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 - CORRECT ANSWER >>>Cloud based tool that uses web
service protocols to manage integration.
(7) Forms of e-procurement:
EDI - Electronic Data Interchange Networks - CORRECT 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 - CORRECT ANSWER >>>Enable self service
procurement within the organisational structure to speed up the buying approval process and
standardise requisition proceedures
4|Page
