E-Procurement

Introduction

Developments in technology has created impacts on businesses’ activities. Digital transformation is rapidly revolutionizing operations such as supply chain management and procurement. Digitally transformed organizations can lower cost, increase efficiency and adapt to customer expectations.

To stay relevant, competitive, and profitable, businesses need to keep pace with new trends in technologies. New technologies facilitate e-procurement, supplier performance management, spend analysis and supplier information management,

This GLOMACS E- Procurement training course will highlight:

• Automation as a key priority in their digital transformation initiatives
• The Business process automation (BPA) focuses on the end-to-end process to enable faster and more accurate decision-making
• automation technologies, organizations can identify business needs, mitigate risks, eliminate repetitive processes, facilitate suppliers’ management, track spending, and predict market demand in real-time to improve the bottom line.

Objectives

At the end of this E- Procurement training course, you will learn to:

• Manage e-procurement value chain of indent management ( preparation of tenders), e-Informing, e-Tendering, e-Auctioning, vendor management, catalogue management, purchase order integration, e-invoicing, and e-payment
• Understand and manage automated technologies in digital contract management, automated sourcing, procuring, and invoicing processes,
• Appreciate how automated systems and built-in monitoring tools reduce the overhead for procurement teams, optimize performance, increase process efficiency, and achieve cost savings.
• Identify the benefit of shorter process cycles is that enable organizations to obtain the goods and services that is needed at a much faster rate.

Training Methodology

This is a highly interactive and action-packed GLOMACS training course in Electronic Procurement, where the participants will be armed with comprehensive tool sets that they can apply in understanding and managing the procurement activities. 

Participants will increase their competencies through a variety of instructional methods, individual and team exercises, group discussions and specific team assignments covering the main topics presented in the training course.

Organisational Impact

• Automates orders and document management for purchase orders, evaluating and selecting suppliers, price negotiations, agree and storing supplier contracts and more between organization and its supplier.
• Improved workflows for procurement with control through company-approved catalogs, and more friction-less processing.
• eProcurement will give your organization visibility into what it spends. This is invaluable and will benefit organization control non-compliant (or maverick) spend , identify areas for consolidation of suppliers and to leverage buying power in  negotiating cost savings
• Real-time information can be shared between ERP or finance systems and supply chains for better overall visibility of supplier information and supplier transactions.
• The use of smart contracts that digitally facilitate the verification, control, or execution of an agreement.

Personal Impact

• Career advancement with the application of technology,
• Increased productivity at work and better time management,
• Application of technology to further understand and manage vendors/suppliers
• Stakeholders management skills can be used in external, internal and personal settings
• Cross-learning from other participants and instructor’s experience at the shortest time