How to Choose and Select the Right Digital Procurement Technology
The Digital Procurement Technology course covers a range of topics to help businesses understand the benefits and challenges of implementing digital procurement solutions.
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1 hour 12 minutes 
10 Lessons
10 Quizzes
Exclusive SCMDOJO Cetificate
4.8/5(4 Reviews)
13 Students Enrolled
This comprehensive course equips you with the knowledge and skills to navigate the exciting world of digital procurement solutions. Led by industry expert James Meads, you’ll gain the ability to identify real-world problems digital procurement can solve and the value it brings to your business, understand the key differences between ERP, enterprise suites, and best-of-breed SaaS solutions, and confidently evaluate and select the right technology for your needs based on 10 crucial criteria.
What you’ll learn in this Digital Procurement Course
After completing this course of Digital Procurement Technology, learners will be able to:
- Define some real world use cases and problems that digital procurement solutions can solve that can drive real value in your business;
- Understand how ERP, enterprise software suites and best-of-breed SaaS are fundamentally different, and know their relative pros and cons;
- Evaluate 10 key criteria to consider when sourcing procurement technology
- Know the vital importance of having a data strategy to go alongside your digital procurement transformation to improve adoption and chances of success
- Confidently make the business case for investment
- Have a rough guide of what you should expect to pay, and what features you’ll get with the software at different price points
Why learn with James Meads
James is Founder, ProcurementSoftware.site, He also have Podcast “The Procuretech”. James has worked with many companies as Digital Procurement Advisor As an independent consultant and advisor, James help: Procurement technology startups with: ▶️ Product strategy ▶️ Content marketing ▶️ Building a network of partnerships & alliances. CFOs / Heads of Procurement in the mid-market: ▶️ Help them understand procurement tech’s opportunities and limitations; ▶️ To evaluate and understand the diverse procuretech market; ▶️ Guided RFP support for best-of-breed procurement software
Who is this Digital Procurement course for?
- This course How to Choose and Select the Right Digital Procurement Technology Solution is for anyone who wants to learn about how to source, select and evaluate digital procurement solutions and what to consider before going about your research.
- It will equip you with knowledge of what you can expect to get for your budget, how ERP systems are not fit for purpose, how dirty data will destroy your digital procurement transformation, preparing a business case, and why peer reviews of procurement software are virtually useless.
- Procurement leaders who think outside of the box, want to drive change and pursue a modern transformation of their organization will dig this course.
- Also great for practitioners who want a background of what’s out there to help assist a career transition into implementation consultancy or working for a procurement tech company.
- The instructor of this course has deliberately used plain language and avoided jargons and acronyms, to make it useful to both experts and non-experts, as well as non-native English speakers too!
Suitable for the following roles:
- Entry-Level: Procurement Assistant, Procurement Coordinator, Purchasing Clerk, Sourcing Specialist
- Mid-Level: Procurement Specialist, Sourcing Analyst, Contract Specialist, Supplier Relationship Manager, Operational Buyer, Buyer, Inventory Contoller
- Senior-Level: Senior Procurement Specialist, Senior Sourcing Analyst, Lead Buyer, Procurement Manager, Category Manager, Strategic Sourcing Manager, Commodity Manager, Regional Commodity Manager
- Executive-Level: Director of Procurement, Chief Procurement Officer (CPO)
- Specialized Titles: Commodity Manager, Global Sourcing Manager, Indirect Procurement Manager, E-Procurement Manager
This Digital Procurement Course is Suitable for the following roles
- Entry-Level: Supply Chain Analyst, Supply Chain Coordinator, Inventory Analyst
- Mid-Level: Supply Chain Planner, Inventory Planner, Material Planner
- Senior-Level: Supply Chain Manager, Materials Manager, Supply Chain Consultant, Master Scheduler
- Executive-Level: Vice President of Supply Chain, Chief Supply Chain Officer (CSCO)
- Specialized Titles: Supply Chain Risk Analyst, Supply Chain Optimization Specialist
Requirements
- Access to Internet
- Computer / Laptop / Mobile Device
What is included in this Digital Procurement course?
- Immediate unlimited access to course materials
- 30-day money-back guarantee
- Exercises and quizzes to help you put theory into practice
- English Closed Captions
- Full transcripts in pdf for each lesson
- Suitable for mobile or desktop
- SCMDOJO Certification when you pass the course quiz (accessible from Learning Center post sign-in)
What is Digital Procurement?
Digital procurement leverages technology to streamline and optimize the entire procurement process, from sourcing and supplier selection to contract management and payment processing. This involves using software solutions to automate tasks, improve data accuracy, enhance collaboration, and gain valuable insights into spending patterns, ultimately leading to cost savings and improved efficiency.
Frequently Asked Questions
FAQ 1: How does Digital Procurement Technology improve efficiency?
Answer: Procurement Technology improves efficiency by automating tasks, streamlining processes, and providing real-time data and insights.
FAQ 2: What are the key components of a Digital Procurement Technology stack?
Answer: A modern Procurement Technology stack may include e-procurement platforms, supplier relationship management (SRM) software, and contract management systems.
FAQ 3: What are the challenges of implementing Procurement Technology?
Answer: Challenges of implementing Procurement Technology include data integration, user adoption, and ensuring the technology aligns with business needs.
FAQ 4: How can companies select the right Procurement Technology solutions?
Answer: Companies can select the right Procurement Technology solutions by carefully evaluating their needs, conducting proof-of-concept trials, and considering the long-term costs and benefits.
FAQ 5: What is the future of Procurement Technology?
Answer: The future of Procurement Technology lies in integrating artificial intelligence, machine learning, and blockchain to further enhance efficiency and decision-making.
Learn more about How to Choose and Select the Right Digital Procurement Technology on SCMDOJO Channel
What you'll learn
After completing this course of Digital Procurement Technology, learners will be able to:
- Define some real world use cases and problems that digital procurement solutions can solve that can drive real value in your business;
- Understand how ERP, enterprise software suites and best-of-breed SaaS are fundamentally different, and know their relative pros and cons;
- Evaluate 10 key criteria to consider when sourcing procurement technology
- Know the vital importance of having a data strategy to go alongside your digital procurement transformation to improve adoption and chances of success
- Confidently make the business case for investment
- Have a rough guide of what you should expect to pay, and what features you’ll get with the software at different price points
Course Content
What's Included
- Immediate unlimited access to course materials
- 30-day money-back guarantee
- Exercises and quizzes to help you put theory into practice
- English Closed Captions
- Full transcripts in pdf for each lesson
- Suitable for mobile or desktop
- SCMDOJO Certification when you pass the course quiz (accessible from Learning Center post sign-in)
Requirements
- Access to Internet
- Computer / Laptop / Mobile Device
Earn a sharable certificate
- Showcase on your LinkedIn Profile under the "Licenses & certifications" section
- Download or print out as PDF to share with others
- Share as PDF online to demonstrate your skill
- The certificate's authenticity can be confirmed online using a QR code
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After completing the Digital Procurement Technology course by James Meads, I feel equipped with valuable insights and practical knowledge essential for sourcing and selecting the right procurement solutions. James' expertise as a Digital Procurement Advisor shines through in this course, where he delves into real-world use cases, evaluates various procurement technologies, and emphasizes the impor
I recently completed the How to Choose and Select the Right Digital Procurement Technology Solution course by James Meads, and I must say it exceeded my expectations. James' practical approach and emphasis on real-world scenarios make this course invaluable for anyone involved in procurement. From understanding the differences between ERP systems and best-of-breed SaaS solutions to evaluating proc
Easy to follow, well-made course. While this class by James Meads might not apply much to base level procurement who have no authority in large decision making, I think these lessons should be viewed by stockholders/decision makers and I encourage procurement staff to try and make this happen within their companies. A wealth of knowledge and advice to be had - like having a very thorough tech consultation at a microscopic fraction of the cost.
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