Mastering Digital Procurement: The Path To Strategic Success
Published 4/2024
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English
| Duration: 1h 3m
Digital Procurement Transformation, Digital Strategy Development, Detailed Roadmap Creation, Projects execution
What you'll learn
Understand digitalization in procurement, its significance, and how to ensure tangible value
Understand the principles of AI and its applications within the procurement function
Gain the knowledge and skills necessary to identify opportunities for integrating AI technologies into procurement processes, assess the benefits and challenges
Master procurement process and desired digital state for each sub-process
Create a digital procurement strategy, transforming it into a transformation program
Effectively plan and execute digital procurement projects. Understand the key principles and best practices
Address common pitfalls that lead to digitalization failures
Requirements
No specialized knowledge required.
Description
In today's rapidly evolving business landscape, digital transformation has become imperative for organizations to remain competitive and agile. Nowhere is this more evident than in the field of procurement, where innovative technologies and digital tools are revolutionizing traditional processes and driving efficiency, cost savings, and value creation.The "Mastering Digital Procurement: The Path to Strategic Succes" course is designed to equip procurement professionals with the knowledge, skills, and strategies needed to navigate the digital landscape effectively and lead successful digital procurement initiatives within their organizations. Through a comprehensive curriculum encompassing strategy development, detailed roadmap creation, and project execution, participants will gain a deep understanding of the key components essential for digital procurement success.The course begins with an exploration of the significance of digital procurement in today's business environment, examining emerging trends, technologies, and best practices shaping the future of procurement. Participants will learn how digitalization can drive strategic value, enhance supplier collaboration, mitigate risk, and optimize operational efficiency across the procurement function.A significant focus of the course is on developing a strategic roadmap for digital procurement implementation aligned with organizational goals and objectives. Participants will learn how to assess current capabilities, identify key stakeholders, and define a clear vision and strategy for digital transformation.Project execution is another critical aspect of the course, where participants will learn project management principles and best practices for managing digital procurement projects from initiation to closure.By the end of this course, participants will emerge with the knowledge, skills, and confidence to lead successful digital procurement initiatives, driving efficiency, cost savings, and value creation across the procurement function. Whether you're just beginning your digitalization journey or seeking to enhance your existing capabilities, this course will provide you with the tools and insights needed to excel in the digital era of procurement.
Overview
Section 1: Digital Procurement Fundamentals: Introduction, Importance, and Implementation
Lecture 1 Introduction and plan
Lecture 2 What is digital procurement
Lecture 3 Why is digital procurement important
Lecture 4 How to initiate a digital procurement transformation?
Section 2: Creating digital strategy
Lecture 5 Digital procurement strategy
Lecture 6 Procurement process and digitalization state
Lecture 7 People
Lecture 8 Technology
Lecture 9 Change management
Lecture 10 Data and analytics
Lecture 11 Supplier enablement
Lecture 12 Continuous improvement
Section 3: Creating digital roadmap
Lecture 13 Digital roadmap
Lecture 14 Readiness assessment
Lecture 15 Budget allocation
Lecture 16 Technology selection
Lecture 17 Risk assessment
Lecture 18 Detailed planning
Section 4: Executing a digital strategy
Lecture 19 Executing a digital strategy - key considerations
Lecture 20 Project management
Lecture 21 Project team
Lecture 22 Agile approach
Section 5: Conclusion
Lecture 23 Why digitalization fails
Lecture 24 Summary
The course is designed for procurement professionals at all levels, regardless of whether they are just starting their digitalization journey or are already advanced in their knowledge. It is also beneficial for individuals interested in pursuing procurement careers or those curious about digitalization projects. Additionally, it is relevant for IT professionals engaged in digital projects, program managers, solutions architects, and project managers
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