Course presentation

Course Level: 

Basic level course.  Approx: 20 minutes.


Course Description:

Digitalization refers to the use of active digital procurement processes. Potential benefits of successful digital transformation are improved Efficiency, Transparent Operations, Enabled Cost Savings, Revenue Creation, Agility and Improvements in Supply Chain Management.

There are a range of technologies available as for example Spend Visibility Analysis Tools, Blockchain Technology for Smart Contracts, Robotic Process Automation (RPA) Technology and Procure to Pay System.


Learning Objectives:

Upon completing this course, you will have achieved the following objectives:

  • In this course Medius tool-kit is used to illustrate how the standard processes can be digitized.


Who Should Enroll:

This course is specially designed for buyers and other supply chain staff who are in the early stages of their career. 


Why This Course:

The digital transformation of procurement is not just a future possibility; it is a current necessity. With the rapid evolution of technology, procurement professionals must embrace digital tools to stay competitive, efficient, and effective. This course not only highlights the potential benefits of digital transformation but also put it to context.

Curriculum

    1. Learning Objectives.

      FREE PREVIEW

    2. Introducing Medius

      FREE PREVIEW

    1. Roles and processes at LHTS

    1. Download slides

    2. Digitization versus Digitalization versus Digital transformation 

    3. Why Digitization?

    1. Digitization of the Sourcing process

    1. Using Medius Tool box as example

    1. Questions to help you verify that you meet the Learning Objectives.

About this course

  • €26,00
  • 11 lessons
  • Basic level - Procurement Management
  • 25 min
  • Quiz and Certificate

Instructor

Senior instructor. Fredrik Axelsson

Meet Fredrik, a seasoned procurement professional from Gothenburg, Sweden, with a Master's in Economics from Gothenburg University and an Executive MBA from Stockholm Business School. With roles at LM Ericsson, Solectron Sweden AB, Axelson Purchasing Resources AB, Saab AB, and Alstom/GE, Fredrik has amassed expertise in sourcing and procurement. In 2017, he launched Sourcing Partner, a procurement consultancy firm how also own and manage Learn How to Source. Fredrik's diverse experience spans from Operative Buyer to Sourcing Director and roles like Commodity Manager and Business Development, in line organizations and projects, including industries like banking and manufacturing. Fredrik's story is one of continuous growth, learning, and adaptation, making him a well-rounded professional with a wealth of knowledge to offer.

Next step

Procurement departments are responsible for sourcing goods and services from suppliers that meet the organization's requirements for quality, cost, and delivery. However, in addition to these basic requirements, procurement professionals must also consider the ethical and social implications of their purchasing decisions. This is where a supplier code of conduct comes in.

To Supplier Code of Conduct

About Learn How to Source

Learn How to Source is an online platform based in Sweden, offering a range of procurement courses accessible globally. It serves as a community where procurement experts share their knowledge through online courses, designed for various experience levels from introductory to expert. Courses are concise, about 30 minutes each, and cover different aspects of procurement, tailored for different buyer roles. The courses focus on practical knowledge, presented by seasoned professionals, and include quizzes and certificates. They can be accessed from any device, emphasizing microlearning for flexibility and efficiency.