Organizations are increasingly recognizing the importance of procurement as a value-creating function and are actively pursuing procurement transformation initiatives. This course presents an overview of procurement transformation and discusses four key value drivers in procurement: people, process, systems, and strategy. Key executional aspects such as stakeholder engagement and change management are also discussed to ensure a holistic approach to procurement transformation.
Procurement transformation aims to significantly enhance or fundamentally change procurement systems, processes, strategies, and teams to create and capture substantial value. It goes beyond incremental changes, requiring a shift in how organizations think about procurement and its role in the value chain. By leveraging advancements in digital solutions and aligning procurement with business objectives, organizations can achieve greater efficiency, resilience, and strategic value creation.
In this course, you will learn how to
1. Develop a comprehensive procurement strategy that aligns with business goals.
2. Implement digital tools to automate workflows and enhance data-driven decision-making.
3. Engage stakeholders effectively to ensure successful transformation initiatives.
4. Build and manage cross-functional teams to drive innovation and value with key suppliers.
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