Mastering Digital Procurement: The Path To Strategic Success

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