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 topline growth. Industry 4.0 cannot happen without Procurement 4.0. According to some research, fully automated procurement functions could save Global 5000 upto $86 billion annually led by procurement headcount savings, reduction in cycle time to process, early payment discounts, risk reduction, and better visibility.

Amid the COVID19 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 DigitalFirst Economy.

Speaker: Mr. Krishan K. Batra, President & CEO, ISMINDIA