Disruptive technology is an innovation that significantly alters the way that consumers, industries, or businesses operate. A disruptive technology sweeps away the systems or habits it replaces because it has attributes that are recognizably superior.
We are currently in the Fourth Industrial Revolution, in which advanced technologies like the Internet of Things (IoT), robotics, Virtual Reality (VR) and AI are creating a profound impact on how we live and work
The rise of cutting-edge, disruptive technologies is changing the face of procurement. Intelligent automation that uses sophisticated intelligences such as Artificial Intelligence (AI), machine learning (ML), Robotic Process Automation (RPA) and Smart Bots are redefining the future of procurement technology. Along with the process of procurement itself, the role of the procurement professional is subject to transformative change as well.
Professional procurement and supply leaders are therefore expected to identify areas which offer the opportunity to improve and innovate and to lead and implement the associated processes.
This course is designed for procurement and supply leaders who require a clear knowledge of the tools and techniques which are available to them to achieve improvement and innovation as well as an appreciation of the environmental factors which affect such initiatives.
Strategic Procurement Manager, Senior Category Manager, Supply Chain Manager, Head of Logistics and Operations Manager.
Senior Buyer, Chief Buyer, Category Manager, Contract Manager, Contract Officer, Logistics Manager and Supply Chain Executive.
As we will be referring to case studies during the course it is important to read these before attending.
Training will be facilitated through a mixture of tutor lead discussions and syndicate work, particular reference to the case study provided in advance. Post training delegates will receive various informative articles and expert reports for future reference.
Delegates would benefit from access to calculators and Microsoft Excel for use in day 2
3 Days ( 24 hrs.)
The indicative content supplied below have been broken down into a series of two-hour sessions, whilst each session is timed at 2 hours this is minimum and overruns should be expected depending on the level of interactivity and time to complete the exercises.
In order to support organisational success procurement and supply has a significant role to play in influencing strategic suppliers to adopt innovative approaches and to continue to develop.
On completion delegates should:
Session 1 (2 hours)
The impact of big data on procurement and supply chain activity is phenomenal and it is a key catalyst behind many supplies chain innovations. This session is designed to help the professional to understand the concept of big data in the global supply chain
Evaluate the term big data and the historic rise of its importance to the procurement and supply function
Session 2 (2 hours)
Evaluate the need for big data and the diversity of data sources and types in procurement and supply
During the session we will consider the vast diversity of data being generated and how this enables the procurement and supply chain function to better manage the high levels of complexity, risk and uncertainty in supply chains.
Sources of data:
Types of data:
Session 3 (2 hours)
Contrast the developments in technology that can be applied to promote improvements in supply chains
Forms of e-procurement
Data integrity and integration between organisations in a supply chain
XML (extensible markup language) and the use of application programming interfaces (APIs) and other integration tools
Developments in technology such as:
Session 4 (2 hours)
One of the main effects of the Fourth Industrial Revolution is increased human productivity. With technologies like AI and automation augmenting our professional lives, we're able to make smart choices, faster than ever before.
In this session we will consider the future challenges for the procurement and supply profession and evaluate the emerging role and influence of innovation and technology on the profession
The profession driving the agenda to realise value- adding benefits and competitive edge
Session 5 (2 hours)
Assess the changing boundaries and shape of the profession. Procurement and supply are coming out of the back office and now taking a strategic role in the business. As we move forward there are many issues that need resolving, this session will consider these and what the role professional:
Session 6 (2 hours)
This session expands on session 5 and considers some specific areas that need attention. We will create an action plan for:
Session 7 (2 hours)
The impact of technological innovation on procurement and supply chain processes is considerable and constantly developing. We will use this session to assess methods to incentivise improvement and innovation on:
Session 8 (2 hours)
In this session we will evaluate where technology can be used to improve procurement and supply:
Areas such as:
We will evaluate tools and techniques which are available to improve procurement and supply
Tools such as:
Session 9 (2 hours)
Relationship management is changing. Businesses demand a more inclusive role from their suppliers. In this session we will evaluate the use of relationship assessment for supplier development and how disruptive technologies facilitate new approaches.