Effective procurement is nowadays even more fundamental to the success of an organisation. On average, organisations spend fifty percent of their income on buying the goods and services that they need to be successful – and in some sectors this can thiscan exceed eighty percent. It is imperative that this expenditure is managed and controlled effectively. Procurement is increasingly being viewed as a strategic function within organisations, with the CPO (Chief Procurement Officer) having a seat on the board. Proactive, professional procurement has become a well-respected value-adding function within the organisation and has achieved the recognition it deserves in delivering business a real competitive edge in the market.

Digital solutions hold great promise to improve yet further the effectiveness of procurement and there is already a well-developed, but rapidly changing market for e-procurement (electronic procurement) solutions. This intensive and highly interactive 3-day Masterclass provides delegates with the skills and expertise required to navigate around the complex world of e-procurement and enables them to create real value for their organisations via the use of e-procurement tools.

The Masterclass is facilitated by leading practitioners in the field andtakes a tour through the whole procurement lifecycle, showing how e-procurement solutions and tools can be used to great effect at each stage. Topics covered include spend analysis, e-RFx, e-auctions, contract management, supplier management and the P2P process. In addition, the fascinating world of digital marketplaces is explored and their potential to dominate the buying scene (as they are increasingly doing in the consumer space) is considered. The current market for e-procurement solutions is analysed and the Masterclass ends by considering the future of procurement in an increasingly digital world.

In addition to a detailed exploration of the world of e-procurement, the Masterclass includesseveral demonstrations of available solutions and the chance to participate in an e-auction.

Questioning is encouraged and there will be plenty of discussion allowing participants to share their own experiences, thoughts and ideas. Each delegate will receive full course notes and a set of templates and other materials that they can take back to use in their own organisation.