OPM 597: Next Generation Procurement

Starting from a review of modern procurement, this module addresses the future of procurement’s IT-landscape, processes, technology, and challenges. The digital transformation of procurement and supply chain management is not just an incremental IT evolution, it is a dramatic departure from both procurement’s use of technology and the way companies do business. The module includes a detailed discussion of strategic and operational instruments to examine how next generation’s procurement solutions can affect business outcomes, save costs while increasing compliance, and ensure resilient and sustainable supply chains that meet the needs of today’s fast-paced and cloud-focused business environment. A key focus of the module rests on discussing how advanced business analytics approaches such as machine learning and artificial intelligence will transform procurement from a transactional based system to an information and intelligence-based suite that connects data from within and from outside of its own data ecosystem.
The module is delivered in four blocked sessions with a strong practice focus. Each session will include guest talks from industry experts.

Learning outcomes
The main intended learning outcome is to gain a thorough understanding of modern and future procurement solutions and processes. Special emphasis is put on technologies, trends and solution demos that illustrate modern applications, latest innovations, as well as challenges.

Necessary prerequisites

Recommended prerequisites
Basic knowledge in operations/supply chain management

Forms of teaching and learningContact hoursIndependent study time
Lecture2 SWS9 SWS
ECTS credits4
Graded yes
Form of assessmentGroup essay (70%) and presentation (30%)
Restricted admissionyes
Further information
Performing lecturer
Prof. Dr. Christoph Bode
Salvatore Lombardo
Salvatore Lombardo (Chief Product Officer SAP Procurement)
Frequency of offeringFall semester
Duration of module 1 semester
Range of applicationM.Sc. MMM, M.Sc. Bus. Edu., M.Sc. Econ., M.Sc. Bus. Inf., M.Sc. Bus. Math., MAKUWI
Preliminary course work
Program-specific Competency GoalsCG 1, CG 2, CG 4
LiteratureThere is no mandatory textbook. All relevant course materials will be provided.
Course outlineThe module is designed as a block course consisting of four sessions on four Fridays. The grading takes place in November.