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Digitalisation of Procurement using Artifical Intelligence

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Digitalisation of Procurement Quiz

Test your knowledge on the impact of Artificial Intelligence in the procurement process! This engaging quiz will explore various facets of digitalisation, including how AI is reshaping supply chain management.

Join industry professionals and enthusiasts in understanding:

Key AI applications in procurement
The influence of digital transformation
Best practices for leveraging technology

21 Questions5 MinutesCreated by OptimizingMind202

1. Did you know about artificial intelligence before taking this survey?

Yes

2. Have you subjected to any AI based software’s?

Yes

3. Do you believe Digitalization is new era in Supply chain and Procurement management?

Yes

4. Does Artificial Intelligence is the next gen in creating procurement efficiencies

True

False

5. Do you believe AI for taking strategic decision and decision making?

Yes

6. In which process do you believe AI has its major impact on procurement process

7. What’s your opinion, when companies Implements digitalization for?

8. Digital transformation is an

Advantage

Disadvantage

9. What is the influence of digital procurement in the recent years of procurement function?

Highly influential

Less

Have to develop more

10.Does digitalization helps the employees in their work ?

Yes

11. Do you believe the employees undergo digital transformation find it easy to adapt?

Yes

Not so really

12. Does AI helps employees to makes their work easier ?

True

False

13. Which feature of AI would you think as the best?

14. Which is best advantage for digital procurement that is been provided by AI?

15. AI can provide and select prominent suppliers for doing business and it will be always successful?

True

False

16. Which procurement process is highly focused while industries moving from traditional to digital procurement?

Define Specifications

Supplier Selection

Contract Management

Ordering

Evaluation

All the above

17. Which E-Procurement quadrant is more suitable for maturity assessment of digitalization?

Forrester Wave E-Procurement

Gartner Magic Quadrant

SpendMatter’s SolutionMap

Capgemini Digital Procurement

Morsinkhof & Schiele

Based on the requirement

18. What are the dimensions of a Sourcing Strategy?

Number of Vendors

Contract Duration

Sourcing Location

Pricing Model

Sourcing Scope

All the above

19. Industry 4.0 focused only on end to end digitalization of value chain and integration of digital eco systems while Industry 3.0 focused on automation of single machines and processes?

True

False

20. The organizations are still mainly making use of Enterprise Resource Planning (ERP) and Material Requirements Planning (MRP) to reduce the sourcing costs and improve transparency but the quantity of E-Procurement Implementation is still low in the organizations?

True

False

21. Which two AI methods will improve performance, reduce cost and Improve planning and negotiation of procurement?

Agent

Fuzzy Logic

Reinforcement Learning

Genetic Algorithm

Artificial Neural Network

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