Manage episode 376753768 series 3374166
The digital procurement trend is gradually replacing traditional practices, and it's not just a trend; it's a reality. What essential skills and tools do procurement leaders need in this digital age? They need to be familiar with the end-to-end "procure-to-pay" process.
This involves understanding the company's external needs, market dynamics, finding suppliers, creating contracts, receiving deliveries, making payments, and managing suppliers, their performance, and associated risks. To manage these steps effectively, they require a variety of tools in their toolkit. These tools encompass different aspects such as category management, market analysis, price quote requests, tender management, order systems, catalogue maintenance, contract administration, stock level monitoring, and risk management.
With numerous new digital tools available, it's crucial to comprehend their potential benefits for your organization. Our host, Ozan, will guide us through best practices, challenges that may arise when using these tools, and much more. Are you ready to elevate your game in procurement? Tune in.