Adaptive Sourcing: Agile Procurement In Practice

Agile Procurement for IT and non-IT categories implemented in the form of an actionable sourcing strategy

What you'll learn
Study and practice true Agile procurement principles (speed, flexibility, multiple choice scenarios)
Understand transformational trends of the Industry 4.0
Explain the notion of the Operating Model
Review the Bimodal operating model and its realization for IT and Procurement
Study three ground theories (PST Model, Buygrid Framework, Pace Layer Model)
Synthesize earlier theories into the Adaptive Sourcing Concept
Understand the complexity of innovation procurement and possible solutions to source Systems of Innovation.
Review the Hybrid Sourcing Strategy for IT as a practical application of the Adaptive Sourcing
Requirements
Basic understanding of IT and Procurement, operating models, and transformation trends
Description
This course unites two worlds – IT and Procurement. Both functions are now going through significant business and technological transformation to comply with Industry 4.0 mandate. Our course is very practical - It is half exercises, case studies, and best practices to apply straight after learning.Instead of talking about Agile procurement, we'll suggest actionable advice for its realization synthesized from classical theories and intuitive concepts. In 2022, the standardized "unisex" governance is a repelling anachronism, which does so much more damage to the company and its suppliers than any competitors.We need to apply flexible business processes depending on the situation selectively. A bimodal operating model precisely allows that. Therefore, it attracted IT and strategic sourcing professionals, creating "bimodal IT" and "bimodal procurement."This course will explain the origins of the bimodal operating model, its bright sides, and its deficiencies.We'll present Adaptive Sourcing as the synthesis of different concepts, which leverages the bimodal procurement process but goes well beyond its remits. Essentially, it is the practical realization of Agile procurement. We'll also propose a custom sourcing strategy for IT goods and services that puts our theoretical definitions into the negotiation practice.Indeed, Adaptive Sourcing is one of the implementations of Agile Procurement 4.0 – flexible, variable, and streamlined. It brings additional cost savings, stakeholder satisfaction, and business process optimization.Strategic procurement and sourcing managers and IT experts may start practicing it immediately!

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: The Transformation of IT

Lecture 2 Megatrends and Industry 4.0

Lecture 3 Transformation of IT. New Operating Model (with Excercise no. 1)

Section 3: Bimodal IT. Agility and Reliability Modes. Bimodal Procurement.

Lecture 4 Agliity and Reliability Modes (with Excercise 2)

Lecture 5 Bimodal IT Operating Model

Lecture 6 Deficiencies of the Bimodal IT concept

Section 4: A Practical Case of Bimodal Procurement

Lecture 7 Bimodal Procurement in Practice

Section 5: Adaptive Sourcing

Lecture 8 The PST Concept by Simon Wardley

Lecture 9 Buyclasses in Buygrid Framework

Lecture 10 Pace Layer Model

Lecture 11 Adaptive Sourcing Model

Section 6: Procurement of Innovation

Lecture 12 Basic definitions. Innovation in the Product Lifecycle.

Lecture 13 Innovation and Innovation-Friendly Procurement

Lecture 14 Typical supplier selection processes for innovation. Agile Supplier Selection.

Lecture 15 Pre-commercial procurement

Section 7: Hybrid Sourcing Strategy for IT. Final Course Quiz.

Lecture 16 Hybrid Sourcing Strategy

Lecture 17 A Practical Case of a Sourcing Strategy

IT and Procurement officers, managers, and executives aiming to practice the Agile procurement,Proponets of flexible governance, value creation, and Agile methodology.