As companies continue to cope with the various threats in the business environment, such as disruptive innovation and the pressure to transform their business models; remaining competitive in the digital age by creating unprecedented opportunities with proficiency in big data has become a key enabler for success.
Thus, the role of procurement has inevitably evolved from that of a facilitator within the supply chain structure into that of a trusted business advisor. Speaking to Sam Achampong, Regional Director (MENA) of CIPS about the future of procurement, he stated “With increased automation the procurement professional will lean on dashboards to influence and manage spend while real time analytics will be carried out using advanced and predictive analysis tools.” He further stated that “Procurement of the future will be more focused on analytics, automation and stakeholder management. This means that the procurement professional of the future will need to have the soft skills (influencing, project management, collaboration) to be successful as well as the ability to understand and utilize technology in the most efficient way.”
To this end, The Procurement Strategy Summit (11- 12 October 2017, Dubai, UAE) will focus on procurement strategies for success along with the latest developments, market trends and hot topics, related to innovation, competitiveness, sustainability and regulation in procurement. The event will focus on critical issues such as Impact of VAT in GCC and Cross Border Transactions, Conducting Strategic Analysis to Track & Manage Volatility, Data Analysis & Data Management, Procurement on The Cliff of Dynamic And Disruptive Change and Looking for a New Age Procurement Professional.
The event will feature panel discussions on procurement on the cliff of dynamic resulting from various factors and the other one being on disruptive change, gap in workforce skills, techniques & technological frustrations. The debate on centralized procurement V/s decentralized procurement will include discussions on the key determining factor affecting the ability to centralize or not. A round table discussion on the best practices in procurement and successful cross industry cases will seek to establish the best practices for achieving success in the sector.
The expert speaker panel at the event includes Jason S. Brown, Head of Group Procurement & Commercial Management, First Abu Dhabi Bank -UAE, Wissam Nasr, Chief Procurement Officer, UAE, Siemens MEA-UAE, Mina Hakim, GM Central Procurement, Al – Futtaim Group, Dmitry Egorov, Procurement Cluster Lead ME&A, Johnson & Johnson-UAE, Engr. Ashraf Nada, Contracts and Tenders Consultant, Private Office of HH Sheikh Mohamed Bin Zayed Al Nahyan are amongst some of the prominent industry experts at the event.
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