IMPACT OF CHANGING TECHNOLOGY ON STRATEGIC PROCUREMENT

Block Chain, IOT, Predictive Analytics & More

Course Description

IMPACT OF CHANGING TECHNOLOGY ON STRATEGIC PROCUREMENT 

Block Chain, IOT, Predictive Analytics & More

The easy availability of IT support and Information within the shortest possible timeframe to the Mankind the geographical barrier is shrinking and the customer Group has become more knowledgeable and demanding. Apart from above the changing Economic situation, Political unrest and increasing Purchasing power of Customers the dynamic of the Business model is changing very rapidly. The seller group's challenges are increasing with such dynamism in the market and putting the pressure on
Manufacturer/ Producer/ Distributor/Retailer to search new Market area as well as the new Business model with more spend on Marketing and others but without making any compromise in the quality of Products/ services. The high fluctuation in foreign exchange rate, as well as increasing price trend of energy resources, are also affecting the several other costs including logistic.
Every Organization is also under pressure to meet the new expectations of Government, Society, Investors as well as several
stakeholders.
The Pricing of any deliverable is governed by Market but Cost is governed by the Organization who is delivering. To make the Balance in increasing demand of customer resulting in more value to Customer but maintaining the Profitability of Organization, severall organization are putting very special efforts to new approaches such as Increasing Market share, Sales, Addition of new deliverables along with Innovation in Procurement Strategies. The industry is finding that Strategic Sourcing is most Effective Approach. The Major Challenges being faced by CPO is rapidly changing Technology which is affecting the Procurement and Vision of Procurement are to be adjusted accordingly by moving from Traditional procurement to Strategic Procurement and Adopting the New technology. Understanding and adopting new Technology by CPO is done OR die situation to be the market leader and maintaining the market share within highly Domestic as well as the Global competitive market. This Two days Program has been designed to meet the above Vision and enhance the competency level of Participants so that they can give the effective performance on continual basis along with lead the team for the overall growth of the organization.

At the end of the course, Participants/delegates will have in-depth learning on:
 Importance of Strategy formulation
  •  The Difference between Procurement and Sourcing
  •  What is Strategic Sourcing?
  •  Critical factors affecting the Strategic Sourcing
  •  Steps to be taken for effective implementation of Strategic Sourcing
  •  Various strategic Tools which helps to the implementation of Strategic Sourcing
  •  The concept of Total Cost of Ownership ( TCO) and Total Cost of Delivery ( TCD)
  •  The concept of JIT ( Just In Time)
  •  Understanding of New Technology such as Blockchain, AI, Predictive Analytics, IOT, Crowdsourcing etc.and use them in the day today working.
  •  Probable Solution of Participants' Challenges being faced in rendering the assigned responsibility.
 
For registrations contact us on 022-62210100 or email us on kris@marcepinc.com

Training Agenda

 IMPACT OF CHANGING TECHNOLOGY ON STRATEGIC PROCUREMENT 

Block Chain, IOT, Predictive Analytics & More

Two Days Training Agenda
:
(1) Strategy:
• Overview of strategy
• Misconceptions of strategy & Strategic Management
(2) Understanding of Procurement
• Traditional Procurement
• Strategic Procurement
• Elements of Strategic Procurement
(3) Traditional Purchasing Vs Strategic Sourcing
• Strategic Sourcing- What is it?
• Mission and Goal of Strategic Sourcing
• Critical success factor
• Critical steps to Accomplish Strategic Sourcing
(4) Supporting Strategic Tools:
• Overview of Porter's Five Forces Model
• Concept of Total Cost of Ownership (TCO)
• Overview of Just In Time (JIT)
(5) The effects of the Internet on Procurement
• Efficiency
• Global Reach
• Content
• Integration
• Collaboration
• E-marketplaces
(6) Best Practices for Working with Procurement
(7) Redefining Modern Procurement
(8) The Benefits of Digital Transformation in Procurement
(9) New Technologies which are Transforming Procurement Operations
• Blockchain
• Predictive Analytics
• Artificial Intelligence
• 3D Printing
• Telematics
• Social Sourcing
• Crowdsourcing
• Internet of Things (IoT)
(10) How Telematics Can Mitigate Supply Chain Disruptions
(11) In-depth discussions on New Technology
• Blockchain
• Predictive Analytics
• Internet of Things (IoT)
• Crowdsourcing
(12) Supply Chain Trends to Follow in 2018
(13) Future of Blockchain Project
(14) Procurement Vision- 2020 and 2025
Case Study More learning by questioning (Q & A)
 

For registrations contact us on 022-62210100 or email us on kris@marcepinc.com

Course Director

He is a Tech savvy Mechanical Engineering graduate with Diploma in Management. Amrendra has over thirty one (31) years of diversified Industrial experience in the domain of various commercial activities such as Bidding/ Tendering, Strategic planning and Sourcing, Procurement, Supply chain management, Contract Management and Administration along with Production Management in the top Telecom Company (ITI LIMITED, ICOMM, Videocon Telecommunication, Alcatel-Lucent, Huawei Telecommunication, etc.), Global team, Public sector, Factory setup and EPC Industry, Oil & Gas, Fertilizers Organization as Consultant and Trainer. Amrendra has the association with World Bank (South Asia Region) as Public Procurement Consultant/Trainer. In June 2017 he has completed three years on-site consultancy assignment with (AGA KHAN Group- AKDN) as Consultant in the domain of Procurement and Contract Management and now he is in INDIA and serving various clients.
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