The Future of Sourcing and Procurement Strategies in Terms of Technological Overthrow
How can the outcome of sourcing and procurement be predicted when influenced by innovation and technological change?
- On: December 19, 2023
Ata Sami Elyas
Head of Procurement Department
What transformational steps do you believe to be the way to transparency, results, and innovation in the sourcing and procurement area?
- Procurement strategy review in alignment with the corporate and country vision/direction.
- Reassess the operating model and engagement with stakeholders considering customer centricity, and sustainability.
- Value creation through efficiency in the process and category management.
In your opinion, what emerging trends or technologies have the potential to impact the field of procurement and supply chain management? How do you stay updated on these advancements?
Based on the industry and procurement strategy, below are the technologies that might contribute to the field of supply chain management:
- Artificial Intelligence (AI) and Machine Learning: AI-powered systems can automate and optimise various aspects of procurement and supply chain management, such as demand forecasting, supplier selection, and category management.
- Predictive Analytics: By leveraging big data and advanced analytics, predictive analytics can provide valuable insights into future demand, supplier performance, and potential disruptions.
- Robotic Process Automation (RPA): RPA can automate repetitive, rule-based tasks, such as order processing, invoice reconciliation, and data entry.
How does an efficient sourcing strategy help to stay competitive?
Anticipating customer needs in the upcoming decade and being ahead of the curve by meeting those needs is crucial going forward.
We are delighted to welcome Ata Sami Elyas on board during our 9th Annual Strategic Sourcing and Procurement MENA Summit, taking place in Dubai on 23-24 January.
He will shed light on the current trends in the field by presenting his case study ‘Bulletproof Digital Supply Chain Strategy Supporting the Country Vision‘.
Short Speaker BIO:
Ata Elyas has over 20 years of experience in multiple industries, primarily in procurement. He has an engineering background and earned his doctorate in business administration from the Business School Netherlands. He has worked for some of the world’s biggest companies, helping them streamline their procurement processes and build a resilient supply chain strategy. Ata is passionate about helping companies realize their potential to use their resources more efficiently. In his free time, he enjoys cycling, running, and spending time with his family.
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