- This event has passed.
Master Class: Digital Transformation of Procurement
July 18, 2020 @ 10:00 am - 2:15 pm
Overview:
Procurement represents a major function of business. Considering that the average company spends 40-70 percent of its revenue on purchases from third parties, procurement can drive 5-12 percent savings on expenditures under its influence.
The function of procurement is subject to a disruptive change as a result of the fourth industrial revolution. On the operational level procurement 4.0 represents the intelligent determination of requirements and the autonomous procurement processing while promoting the cooperation to suppliers and the availability of all relevant information on the strategic level.
This calls for a concerted effort to transform the focus and performance of a procurement organization. The key focus of this training program will be to shift to a more agile and value-driven operating model.
Key Takeaways:
- Overview of Standard Sourcing & Procurement Model.
- Impact of Industry 4.0 (4th Industrial Revolution).
- Understanding the Expectations of Management & Customers.
- New Role of Procurement & its Staff.
- Assessing the Maturity Level of your Procurement Function.
- Overview of Digital Enablers i.e. RPA, AI, Big Data etc.
- Steps to Transform Procurement to Digital-First Economy.
Training Modality: This will be a very interactive type with polls, Q&A, and assignments.
Speaker: Mr. Krishan K. Batra, President & CEO, ISM-INDIA
Training Fee:
Standard Registration Fee: INR 3,500 + GST@18%
Member’s Discount Offer: INR 2,500 + GST@18%
Payment Link: If you want to pay now Click Here. Please share the print screen of the successful transaction asap to get immediate approval.