Strategic Planning in Procurement

Strategic Planning in Procurement
Event Info
April 23, 2024
12:00 PM - 12:30 PM CEST

About this webinar

Procurement Planning is a strategic process that serves as the backbone of efficient procurement operations within organizations. It involves meticulous foresight, collaboration, and the utilization of tools and technologies to optimize purchasing activities.

In this webinar, we will delve into the significance of procurement planning from various business standpoints, highlighting benefits, methodologies, and the technologies involved.

We will start by explaining why Procurement Planning is so relevant from a business perspective. The session continues by giving an overview of the relevant phases of the Procurement Planning process: Budgeting and Forecasting, Sourcing Initiative Collection, Purchasing Strategy Definition, Savings Tracking, and Capacity Management.

In the second part of this webinar, we will show how this process can be digitalized, leveraging the Board Intelligence Planning Platform and demonstrating how advanced technologies can support organizations in streamlining and optimizing the procurement planning process.

Join us to explore how to effectively plan your Procurement Operations in advance:

  • We will shed light on the untapped potential for enhancing efficiency, transparency, and decision-making within procurement operations through the digitalization of Procurement Plans;
  • We will explain how better planning can increase the automation of operational activities, thereby reducing the time spent on low-value-added tasks;
  • We will showcase our best practices for digitalizing the procurement planning process, leveraging the Board Intelligence Planning Platform.

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