Developing Procurement Function

Objective

The student is able to

• identify the role of different internal and external stakeholders in the procurement process.
• analyze and develop the performance management for operational procurement process and strategic procurement.
• set a target level for supplier performance and create effective and sustainable supplier requirements.
• create effective ways to measure the performance of the procurement organization and suppliers and develop meaningful KPI’s for both.
• apply sustainable procurement principles in supplier performance management.
• apply the content of the relevant quality management rules and standards in procurement.
• encourage the suppliers in developing their quality management systems.

Content

• Procurement process
• Procurement organization’s effectiveness & competence
• Supplier performance management
• Quality management in procurement
• Development of suppliers' quality management

Objective

The student is able to

• evaluate the potential changes and opportunities caused by digitalization and the use of artificial intelligence (AI) in procurement. This enables the student to draw conclusions about possible usage of the procurement technologies and AI-tools available.
• evaluate the automation needs of procurement, to understand procure-to-pay-process design and make recommendations on full-house-suite or best-of-breed solutions.
• evaluate, where and how relevant data can be obtained to support and intensify decision-making in procurement. This enables the student to utilize the data effectively in a practical setting.
• utilize procurement analytics in identifying opportunities and potential for savings, in risk management, and in forecasting.
• make effective use of procurement analytics and AI in performance management and benchmarking.
• identify suitable tools for driving supply chain sustainability.

The student acknowledges the value of supply market intelligence in procurement and is able to analyze supply markets with advanced tools and information sources.

Content

• Data management and data strategy
• Procurement digitalization
• Procurement analytics and artificial intelligence (AI)
• Supply market intelligence
• Metrics and dashboards

Objective

The student understands the principles of category management and can apply supplier relationship management strategy to suitable procurement categories.

The student is able to

• apply the central theories, models and tools for developing the procurement function.
• create a risk map and gap-analysis and find development topics in procurement.
• create effective risk management strategies for procurement.
• evaluate possibilities for early supplier involvement (ESI) in new product development and understands the importance of stakeholder management in ESI.

Content

• Category management
• Supplier relationship management
• Risk Management
• Early supplier involvement in new product development