MASTERING DIGITAL PROCUREMENT

Internationally, a Procurement Manager can earn an average salary of US $59,849 per annum. Additionally, 30% of an organization’s overall spend is expended on supply chain cost with any savings in procurement going directly to the company’s profit position. Significantly, the global procurement market was expected to grow from USD 5.4 billion in 2019 to USD 7.8 billion by 2024.

With the Pandemic’s effects coupled with bleak economic outlook, businesses are turning to procurement professionals to deliver growth and improved margins. As such Procurement is rapidly being recognized as a major contributor to any company’s growth with chief procurement officers becoming increasingly important members of many boardrooms.

Procurement Professionals and Organisations most urgent and critical challenges is and remains adapting to the digital challenges of today. Embracing digital tools is now a top priority and the adoption of automation of procurement task is critical for prolong sustainability of the procurement profession and Organisations.

It is no secret that the use of digital tools have created massive opportunities for driving efficiencies in procurement operations and this has opened up great career options in the procurement industry such as On line Contract Managers, Digital Procurement Professional, Digital sourcing specialist, , amongst many others.

In the next year to two years, we’ll see the further evolution to next generation digital procurement, therefore It’s imperative that both organizations  and professionals start their digital procurement journey now to ensure their continued relevance and  positioning for competitive advantage.

*Certificate of Completion will be awarded to participants within one week of the final session.