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Answer :
Final answer:
To implement supplier enabled innovation, organizing a new procurement team is the last step. E-auction technology is most relevant when engaging with the 'Leverage' segment. Maturity is required in all procurement processes for successful supplier enabled innovation. Spend analytics is the most widely adopted technology in procurement.
Explanation:
17- To implement supplier enabled innovation, organizing a new procurement team comes last out of the options provided. Organizing a new procurement team is a step that would typically come later in the implementation process, after internal business case development, inviting suppliers, and involving R&D teams.
18- The use of e-auction technology to drive online competition between suppliers and reduce prices is most relevant when engaging with the 'Leverage' segment. The leverage segment refers to suppliers who have sufficient competition in the market, making e-auctions an effective tool to drive down prices.
19- In order to be successful in supplier enabled innovation, maturity is required in all of the above procurement processes: strategic sourcing, ordering cycle, and supplier relationship management. This is because supplier enabled innovation requires a mature and well-established procurement function.
20- The technology most widely adopted in procurement is spend analytics. Spend analytics is a technology that helps organizations analyze and assess their spending patterns to identify cost-saving opportunities and make more informed procurement decisions.
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