Highlights
Understand how to create value through negotiations and cost analysis.
Build strong partnerships with suppliers through contingency plans and risk assessments.
Use digitalization and AI to optimize and automate purchasing processes.
Track and measure key performance indicators (KPIs) to ensure continuous improvement.
Integrate purchasing strategies and activities with overall business objectives.

Summary: Supply chains are becoming increasingly complex with growing customer demands and ever-changing macroeconomic effects. For procurement professionals, this means an increasing number of SKUs, suppliers, stakeholders, and contracts to manage. How mature does a company’s procurement function need to be to operate efficiently, meet financial goals, and be a strategic partner to the business as complexity increases?

During this live event, course leaders Paulo Sousa Jr. and Miguel Rodriguez Garcia, hosted by Niranjini Kumar, management consultant at McKinsey & Company, will discuss the different maturity levels of procurement organizations, the end-to-end sourcing process, common process leaks in both strategic and transactional sourcing, and discuss actions procurement professionals can take to create value.

MITx MicroMasters® Program in Supply Chain Management website: https://micromasters.mit.edu/scm/

Register for our courses (free audit): https://www.edx.org/masters/micromasters/mitx-supply-chain-management?utm_medium=partner-marketing&utm_source=social&utm_campaign=mitx&utm_content=CTL-program-youtube

Follow us on social media!
LinkedIn: https://www.linkedin.com/showcase/micromasters-credential-in-supply-chain-management/
Facebook: https://www.facebook.com/groups/mitxmicromasterscm

Please feel free to share this video with your friends and family if you found it useful.