Mini MBA in Digital Transformation in Procurement and Supply Chain

About the Course

The Mini MBA in Digital Transformation in Procurement and Supply Chain training course is designed to equip professionals with the crucial knowledge and skills to navigate the rapidly changing procurement and supply chain management landscape. It explores the core principles of digital transformation, exploring how cutting-edge technologies like artificial intelligence, blockchain, and the Internet of Things are revolutionising the field. Delegates will gain in-depth insights into data analytics for procurement, enabling data-driven decision-making and optimising supplier selection processes. Also, it covers automation in contract management, using e-procurement platforms, and the development of effective supplier relationship management strategies in a digital context.

It emphasizes the importance of achieving real-time visibility throughout the supply chain by exploring technologies for end-to-end tracking and utilising cloud-based supply chain management systems. It empowers delegates to foster collaborative partnerships and promote sustainable practices across their procurement and supply chain operations. This training program provides a glimpse into the future of the field, examining emerging trends and preparing professionals to lead digital transformation initiatives within their organisations. Delegates will be equipped to confidently embrace digitalisation, drive innovation, and achieve greater efficiency, cost savings, and overall success in procurement and supply chain management.

Core Objectives

The delegates will achieve the following objectives:

• Define key concepts in digital transformation and its impact on procurement and supply chain practices
• Define key concepts in digital transformation and its impact on procurement and supply chain practices
• Understand the various emerging technologies reshaping procurement and supply chain, such as AI, blockchain, and IoT
• Explain the benefits and challenges associated with implementing digital technologies in procurement and supply chain functions
• Describe how data analytics and big data can be leveraged for improved decision-making in procurement
• Utilise e-procurement platforms to streamline sourcing processes and enhance supplier collaboration
• Apply contract management tools to automate and optimise contract workflows
• Evaluate potential suppliers based on data-driven insights and risk assessments
• Analyse supply chain networks to identify areas for optimisation and efficiency gains
• Assess the effectiveness of digital procurement strategies in achieving cost savings, efficiency improvements, and risk mitigation

Training Approach

This training course adopts a blended, narrative-driven approach to deliver a comprehensive learning experience. Each topic begins with a brief introduction to establish key concepts and objectives. This is followed by a deeper exploration of the theory, connecting it to real-world applications and practical examples. Visual aids like diagrams and videos are incorporated to clarify complex ideas further. Discussions and interactive exercises are strategically placed throughout the program to encourage critical thinking, collaboration, and applying concepts within the delegate's organisational contexts. By avoiding reliance on fragmented bullet points, this approach centers around building a cohesive understanding of digital transformation in procurement, focusing not just on the tools and technology but also the strategic 'why' and 'how' of their implementation.

The Attendees

This training course is designed for professionals who want to drive innovation and optimise organisational efficiency. It is ideal for those involved in the procurement and supply chain functions and those in supporting or leadership roles where an understanding of digital transformation is vital.

Likewise, it will be valuable to the professionals but not limited to the following:

• Procurement Managers
• Supply Chain Managers
• Sourcing and Category Managers
• Supply Chain Planners and Analysts
• Contract Managers
• Operations Directors and Managers
• Technology and IT Managers
• Sustainability and CSR Managers
• Finance and Budgeting Professionals
• Project Managers involved in Procurement Initiatives

Daily Discussion

DAY ONE: DIGITAL PROCUREMENT LANDSCAPE 

• Introduction to Digital Transformation
• Digital Procurement Trends
• Benefits of Digital Procurement
• Challenges of Digital Adoption
• Building a Digital Procurement Strategy
• Data-Driven Procurement Decision Making
• Risk Management in the Digital Procurement Environment

DAY TWO: STRATEGIC SOURCING IN THE DIGITAL AGE

• Data Analytics for Procurement
• Big Data and Machine Learning in Procurement
• E-Procurement Platforms and Marketplaces
• Supplier Relationship Management (SRM) in a Digital World
• Negotiation Strategies for the Digital Age
• Digital Tools for Supplier Evaluation
• Sustainable Sourcing Strategies

DAY THREE: DIGITAL CONTRACT MANAGEMENT

• Automating Contract Management
• Artificial Intelligence for Contract Review
• Blockchain Technology in Procurement
• Risk Management in Digital Contracts
• Performance Management through Digital Tools
• Digital Contract Lifecycle Management
• Contract Compliance and Auditing with Technology

DAY FOUR: DIGITAL SUPPLY CHAIN VISIBILITY AND COLLABORATION

• Supply Chain Network Optimisation
• Real-Time Visibility with End-to-End Tracking
• Cloud-based Supply Chain Management Systems (SCMS)
• Collaboration Platforms for Supply Chain Partners
• Sustainable Procurement and Supply Chain Practices
• Predictive Analytics for Supply Chain Planning
• Supply Chain Risk Assessment and Mitigation

DAY FIVE: THE FUTURE OF PROCUREMENT AND SUPPLY CHAIN

• Emerging Technologies and Trends
• The Evolving Procurement Workforce
• Leading Digital Transformation in Procurement
• Change Management for Digital Procurement Initiatives
• Measuring the ROI of Digital Procurement
• Developing a Culture of Innovation in Procurement
• Building a Future-proof Procurement Strategy