10 Questions
How does the Chartered Institute of Procurement & Supply (CIPS) define digitalisation?
Redefining models, functions, operations, and activities by leveraging technological advancements
What is the goal of digital transformation?
To increase value through innovation and improved customer experience
What can 'digital capability' support according to CIPS?
Supply chain transparency and remote working
When did many knowledge workers adopt remote or hybrid working, according to the text?
After the COVID-19 pandemic
What does digital transformation involve?
Adoption and implementation of digital technology to create or modify products, services, and operations
Describe digital transformation and its purpose in an organization.
Digital transformation is the adoption and implementation of digital technology by an organization to create new or modify existing products, services, and operations. Its purpose is to increase value through innovation, invention, improved customer experience, and efficiency.
What is the Chartered Institute of Procurement & Supply's (CIPS) definition of digitalisation?
CIPS defines digitalisation as the practice of redefining models, functions, operations, processes, and activities by leveraging technological advancements to build an efficient digital business environment where gains are maximized, and costs and risks are minimized.
How can 'digital capability' be utilized to support supply chain transparency and remote working according to CIPS?
CIPS suggests that 'digital capability' can be used to support supply chain transparency and remote working.
What did many knowledge workers adopt in response to the COVID-19 pandemic?
After the COVID-19 pandemic, many knowledge workers adopted either remote or hybrid working.
What are the goals of digitalisation, according to the Chartered Institute of Procurement & Supply (CIPS)?
The goals of digitalisation, according to CIPS, include maximizing gains (operational and financial) and minimizing costs and risks.
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.
Test your knowledge of digital transformation with this quiz. Explore key concepts, strategies, and technologies related to digital transformation and gain insights into how organizations adapt to the digital age.
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