OPM 597: Next Generation Procurement

Contents
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
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Recommended prerequisites
Basic knowledge in operations/supply chain management

Examiner Performing lecturer

Prof. Dr. Christoph Bode Prof. Dr. Christoph Bode