Procurement Analytics and Technology

Objective

The student is able to evaluate the potential changes and opportunities in procurement caused by digitalisation and artificial intelligence (AI). This enables the student to draw conclusions about possible usage of the procurement technologies and AI-tools available. The student is able to understand procure-to-pay-process design and make recommendations on full-house-suite or best-of-breed solutions and evaluate the automation needs of procurement. 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 utilise the data effectively in a practical setting e.g. with the help of various metrics (KPI) and dashboards. The student acknowledges the value of supply market intelligence in procurement and is able to analyse supply markets and predict relevant scenarios with advanced tools and information sources. The student acknowledges the importance of procurement analytics and AI in procurement performance management and in identifying opportunities for savings, risk management and forecasting. The student is able to identify suitable IT tools for driving supply chain sustainability.

Content

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

Qualifications

Completed higher education degree (Bachelor's level)

Assessment criteria, satisfactory (1)

The student has completed the course assignments and demonstrated mastery of the core content of the course. There is, however, significant room for improvement in the application to professional situations and/or in the sharing of competence.

Assessment criteria, good (3)

The student has performed well overall in the tasks related to the course. They have been an active learner both individually and as part of a team. The student has demonstrated the ability to apply knowledge and practices acquired from literature, lectures, and other sources in tasks that analyse and develop working life.

Assessment criteria, excellent (5)

The student has completed all components of the course with distinction. They have demonstrated interest and motivation to learn both individually and as part of a team, and they have shared their expertise with others. The student has mastered the course content and skilfully applies what has been learned from literature, lectures, and other sources in tasks that analyse and develop working life.

Assessment criteria, approved/failed

The student has completed the course assignments and demonstrated mastery of the basic content of the course. There is considerable room for improvement in the application to professional situations and/or in the sharing of expertise.