Strategic Procurement in the Age of Industry 4.0

Course Code: PSCO 744

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Course Sector:

Procurement & Supply Chain Operations

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Course Dates and Locations

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No.

Date

Days

Location

Fees

Enrollment

15 - 19 Sep 2025

5 Days

Oslo , Norway

$4,950

21 - 25 Dec 2025

5 Days

Dammam, KSA

$4,250

Introduction

Training course introducion / brief

As supply chains become increasingly complex and interconnected, the strategic procurement function emerges as a critical driver of efficiency, innovation, and risk management. By strategically sourcing materials, components, and services, organizations can not only optimize costs but also gain a competitive edge in the market. Moreover, strategic procurement facilitates agility and adaptability, allowing businesses to respond effectively to dynamic market conditions and disruptions. In this context, understanding and mastering the principles of strategic procurement is essential for organizations aiming to thrive in the digitalized landscape of Industry 4.0.

Strategic Procurement

This comprehensive course on Strategic Procurement in the Age of Industry 4.0 offers participants a deep dive into the core principles, tools, and strategies essential for navigating the modern procurement landscape. Through a series of interactive sessions, participants will explore topics such as digital transformation in procurement, leveraging data analytics for informed decision-making, and managing risks in a digitalized supply chain. The course highlights real-world case studies and best practices, providing practical insights into implementing Industry 4.0 strategies in procurement. Furthermore, participants will engage in hands-on activities and workshops to apply their learning in simulated procurement scenarios, enabling them to develop actionable plans for enhancing their organization's procurement capabilities in the age of Industry 4.0.

Gain a comprehensive understanding of Industry 4.0 concepts and technologies, and recognize their impact on procurement processes and supply chains.
Explore digital procurement tools and technologies, enabling them to apply them to optimize procurement workflows and enhance efficiency.
Learn to leverage data analytics to make informed procurement decisions and drive strategic initiatives.
Recognize and mitigate risks inherent in a digitalized procurement environment, ensuring supply chain resilience and continuity.
Identify emerging trends and best practices in strategic procurement to develop actionable plans for Industry 4.0 adoption and implementation.

This course is designed for procurement professionals, supply chain managers, and business leaders seeking to enhance their understanding and implementation of strategic procurement practices in the context of Industry 4.0.

Understanding Industry 4.0 and Its Implications for Procurement

Introduction to Industry 4.0: Concepts and technologies.
Impact of Industry 4.0 on supply chains.
Industry 4.0 and procurement processes.
Case studies of Industry 4.0 implementation in procurement.
Identifying challenges and opportunities in procurement.

Digital Transformation in Procurement

Digital Procurement: Overview and benefits.
Key technologies driving digital transformation.
Streamlining procurement processes with digital tools.
Hands-on experience with digital procurement platforms.
Integration of digital tools into procurement workflows.

Data Analytics and Decision Making in Procurement

Importance of data analytics in procurement.
Types and sources of procurement data.
Leveraging analytics for decision-making.
Case studies of data-driven procurement strategies.
Tools and techniques for procurement data analysis.

Risk Management and Resilience in Procurement

Understanding procurement risks in Industry 4.0.
Strategies for mitigating risks in a digitalized supply chain.
Building resilience and agility in procurement processes.
Crisis management in a digitalized procurement environment.
Implementing risk management strategies in procurement.

Future Trends and Action Planning

Emerging trends in strategic procurement.
Ethical considerations in Industry 4.0 procurement.
Sustainability in procurement practices.
Developing a roadmap for implementing Industry 4.0 strategies.
Resources for ongoing learning and development in procurement.

Boost certificate of completion

BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.

ENDORSED EDUCATION PROVIDER

Flexible deadlines

Customized dates accordance to your schedule

Shareable Certificate

Earn certificate upon completion

COURSE METHODOLOGY

Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).

At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.

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TRAINING COURSE: Strategic Procurement in the Age of Industry 4.0