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Questions and Answers
How does the Chartered Institute of Procurement & Supply (CIPS) define digitalisation?
How does the Chartered Institute of Procurement & Supply (CIPS) define digitalisation?
- Focusing on efficiency and cost reduction
- Creating a digital business environment to maximize gains and minimize costs and risks
- Redefining models, functions, operations, and activities by leveraging technological advancements (correct)
- Supporting supply chain transparency and remote working
What is the goal of digital transformation?
What is the goal of digital transformation?
- To increase value through innovation and improved customer experience (correct)
- To redefine models, functions, and operations
- To leverage technological advancements for supply chain transparency
- To reduce costs and minimize risks
What can 'digital capability' support according to CIPS?
What can 'digital capability' support according to CIPS?
- Efficient customer experience
- Innovation and invention
- Supply chain transparency and remote working (correct)
- Financial maximization and risk minimization
When did many knowledge workers adopt remote or hybrid working, according to the text?
When did many knowledge workers adopt remote or hybrid working, according to the text?
What does digital transformation involve?
What does digital transformation involve?
Describe digital transformation and its purpose in an organization.
Describe digital transformation and its purpose in an organization.
What is the Chartered Institute of Procurement & Supply's (CIPS) definition of digitalisation?
What is the Chartered Institute of Procurement & Supply's (CIPS) definition of digitalisation?
How can 'digital capability' be utilized to support supply chain transparency and remote working according to CIPS?
How can 'digital capability' be utilized to support supply chain transparency and remote working according to CIPS?
What did many knowledge workers adopt in response to the COVID-19 pandemic?
What did many knowledge workers adopt in response to the COVID-19 pandemic?
What are the goals of digitalisation, according to the Chartered Institute of Procurement & Supply (CIPS)?
What are the goals of digitalisation, according to the Chartered Institute of Procurement & Supply (CIPS)?
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Study Notes
Digitalisation and Transformation
- The Chartered Institute of Procurement & Supply (CIPS) defines digitalisation as the integration of digital technology into all areas of business, fundamentally changing how organisations operate and deliver value to customers.
Digital Capability and Supply Chain Transparency
- Digital capability supports supply chain transparency and remote working, enabling better visibility and collaboration across the supply chain.
Remote Working and COVID-19
- Many knowledge workers adopted remote or hybrid working in response to the COVID-19 pandemic.
Digital Transformation
- Digital transformation involves the integration of digital technology to fundamentally change how organisations operate and deliver value to customers.
- The goal of digital transformation is to create a more agile, responsive, and customer-centric organisation.
Goals of Digitalisation
- According to CIPS, the goals of digitalisation include creating a more agile, responsive, and customer-centric organisation.
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