Procurement 4.0: Digital Transformation Masterclass

Overview: Procurement Function is seeing rapid advancement in the shift to digital disruptive technologies in its objective to bring down costs as well as support top-line growth. Industry 4.0 cannot happen without Procurement 4.0. According to some research, fully automated procurement functions could save Global 5000 up-to $86 billion annually led by procurement headcount savings, reduction in cycle time to process, early payment discounts, risk reduction, and better visibility. Amid the COVID-19 crises that has cast a veil of uncertainty over the future of businesses, one thing is crystal clear: driving digital transformation is not a luxury but an absolute necessity for survival. This program will focus on People, Process, Strategy & Technology to accelerate digital transformation of Procurement. In addition you will know your existing maturity level of your procurement function. 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. Speaker: Mr. Krishan K. Batra, President & CEO, ISM-INDIA