The digital transformation of a procurement department is an opportunity to use technology as a means to reimagine the organization’s entire scope of operations and how it performs. Unlike the process automation initiatives that preceded it, a digital transformation does not view technology as a process enabler, but rather, as the fundamental process going forward – it is the alpha and omega and everything in-between.
A successful digital transformation requires many things including sponsorship, effort, in collaboration, vision, expertise, and a supporting technology infrastructure. Superior program design also remains a critical element in the speed and impact of the initiative. Ideally, the end game for Chief Procurement Officers (CPOs) and their teams is to transform the function into a truly intelligent procurement operation that is data-driven, factually-grounded, agile, and resilient in the face of today’s market opportunities and threats, respectively.
Remember that the concept of an intelligent procurement operation is not dependent upon a single technology, process, or strategy, but rather an ecosystem of interconnected and interdependent plans, solutions, and innovations whose whole is greater than the sum of its parts. But how can procurement leaders best take advantage of the technologies available in the market today to transform their teams into wholly intelligent business functions?
Luckily, Ardent Partners has developed a guide to help CPOs and other procurement leaders get started! Please join us next Thursday, March 21 at 2 PM ET for an informative webinar where we, in partnership with our webinar sponsor, Scout RFP, will:
1) examine the underlying drivers behind digital transformation,
2) break down the new “smart” procurement function, and,
3) share what it takes to get a digital transformation project off the ground.
The Procurement Leader’s Guide to Digital Transformation
Date: Thursday, March 21st, 2019
Time: 2:00 pm – 3:00 pm ET
Presenter: Andrew Bartolini,
Founder and Chief Research Officer, Ardent Partners
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Tagged in: Ardent Partners Research, Chief Procurement Officer, CPO, Events, Innovation, Process, Solution Providers, Source-to-Settle, Strategy, Technology, Transformation