Study Guide

Objective

• The student is able to evaluate the potential changes and opportunities caused by digitalization and the use of artificial intelligence (AI) in procurement. This enables the student to draw conclusions about possible usage of the procurement technologies and AI-tools available.
• The student is able to evaluate the automation needs of procurement, to understand procure-to-pay-process design and make recommendations on full-house-suite or best-of-breed solutions.
• The student is able to evaluate, where and how relevant data can be obtained to support and intensify decision-making in procurement. This enables the student to utilize the data effectively in a practical setting.
• The student acknowledges the value of supply market intelligence in procurement and is able to analyze supply markets with advanced tools and information sources.
• The student is able to utilize procurement analytics in identifying opportunities and potential for savings, in risk management, and in forecasting.
• The student is able to make effective use of procurement analytics and AI in performance management and benchmarking.
• The student is able to identify suitable tools for driving supply chain sustainability.

Content

• Data management and data strategy
• Procurement digitalization
• Procurement analytics and artificial intelligence (AI)
• Supply market intelligence
• Metrics and dashboards

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

Sufficient performance: has completed basic requirements to pass the course and has made an attempt to apply and articulate concepts and information both verbally and in writing but has not made enough effort overall. The student has demonstrated little effort, interest and motivation for individual or team activities / assignments and the output is rather weak.

Assessment criteria, good (3)

Good overall performance: can apply and articulate concepts and information well both verbally and in writing, certain areas of individual or team output require further attention; shows appropriate level of interest and motivation in individual and team activities. Good presentation delivery and analysis.

Assessment criteria, excellent (5)

Excellent performance in all elements of the course: shows interest and motivation in individual and team activities and assignments, fully applies and clearly articulates concepts and information both verbally and in writing. The student is able to support his/her argument with references to the recommended reading and lecture content. Excellent presentation delivery and analysis.

Assessment criteria, approved/failed

Sufficient performance: has completed basic requirements to pass the course and has made an attempt to apply and articulate concepts and information both verbally and in writing but has not made enough effort overall. The student has demonstrated little effort, interest and motivation for individual or team activities / assignments and the output is rather weak.

Prerequisites

- An appropriate Bachelor's Degree (i.e. the student must have a Master's level study place at an institution of Higher Education)
- Additionally, if you are interested in attending the Procurement courses: an appropriate Bachelor's Degree, as well as basic studies and / or work experience in the field of procurement, is required

Further information

The language of tuition is English.