Last updated 8/2022Course Language EnglishCourse Caption English [Auto]Course Length 01:54:22 to be exact 6862 seconds!Number of Lectures 28
This course includes:
2 hours hours of on-demand video
1 article
Full lifetime access
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Certificate of completion
3 additional resources
Evaluate the economic effect of Agile Procurement in terms of revenue loss due to delayed Time-to-Market
Study and practice true Agile procurement principles (speed, flexibility, multiple choice scenarios)
Understand transformational trends of the Industry 4.0
Explain the notion of the Operating Model
Review the Bimodal operating model and its realization for IT and Procurement
Study three ground theories (PST Model, Buygrid Framework, Pace Layer Model)
Synthesize earlier theories into the Adaptive Sourcing Concept
Understand the complexity of innovation procurement and possible solutions to source Systems of Innovation.
Review the Hybrid Sourcing Strategy for IT as a practical application of the Adaptive Sourcing
This course unites two worlds – IT and Procurement. Both functions undergo significant business and technological transformation to comply with the Industry 4.0 mandate. Our course is efficient - it is half exercises, case studies, and applying best practices straight after learning.Instead of just talking about Agile procurement, we'll suggest actionable advice for its realization synthesized from classical theories and intuitive concepts. For example, we will provide the mathematical model to calculate the value of Time-to-Market and prove the critical importance of Agile procurement.In 2022, the standardized "unisex" governance was a repelling anachronism, damaging the company and its suppliers more than any competitors.We need to apply flexible business processes depending on the situation selectively. A bimodal operating model precisely allows that. Therefore, it attracted IT and strategic sourcing professionals, creating "bimodal IT" and "bimodal procurement."This course will explain the origins of the bimodal operating model, its bright sides, and its deficiencies.We'll present Adaptive Sourcing as the synthesis of different concepts, which leverages the bimodal procurement process but goes well beyond its remits. Essentially, it is the practical realization of Agile procurement. We'll also propose a custom sourcing strategy for IT goods and services that puts our theoretical definitions into the negotiation practice.Indeed, Adaptive Sourcing is one of the implementations of Agile Procurement 4.0 – flexible, variable, and streamlined. It brings additional cost savings, stakeholder satisfaction, and business process optimization.Strategic procurement and sourcing managers and IT experts may start practicing it immediately!Who this course is for:IT and Procurement officers, managers, and executives aiming to practice the Agile procurementProponets of flexible governance, value creation, and Agile methodology.
Course Content:
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3 Lectures | 11:57
Introduction
01:20
Adaptive Sourcing takes the best of both worlds - IT and Procurement.
We'll suggest practical ways to master Agile procurement with appropriate examples, theories, and models.
Agile Procurement Attributes
05:44
We will suggest eight critical attributes of Agile procurement to align our views with the ones of our students.
Exercise: Agile or Not?
04:53
We will exercise in qualifying typical procurement processes and artifacts for being Agile or not.
4 Lectures | 12:53
Death by the RFP: Telecom Industry Makes it Clear
02:00
The Telecoms industry complains about the outdated RFP process and promotes Agile values. Our course will provide the toolkit to achieve the speed and flexibility expected from Agile procurement.
The True Cost of Agile Procurement
04:38
With the help of simple mathematics, we will prove that the true cost of Agile procurement constitutes 3% - 34% of the lifetime revenue of a product.
Case Study of Gross Revenue Loss vs. Procurement Savings
03:05
We will analyze a case of a SaaS app to calculate the revenue loss due to 3-month RFP and compare it with the procurement savings.
How to Calculate the Minimum Acceptable Level of Procurement Savings?
03:10
This section summary provides an example of calculating the minimum acceptable value of procurement savings.
4 Lectures | 20:15
Megatrends and Industry 4.0
01:50
We will introduce the notion of megatrends and show how they led to the new Industrial Revolution.
Case Study: Supply Chain vs. Demand Network
10:33
We'll review how Industry 4.0 influenced the transformation of supply chains into demand networks and its practical repercussions for procurement.
Transformation of IT. New Operating Model (with Excercise no. 1)
03:29
We'll describe the transformation of IT alongside Industrial Revolutions.
We'll explain the notion of the Operating Model.
We'll propose the conceptual view of IT and Procurement operating models.
We'll conduct the 1st practical exercise on the demand and supply sides of the Operating Model.
Case Study of Agile Procurement Operating Model
04:23
We'll propose an actual realization of the Agile procurement operating model. Please refer to the link in the attachment for more detail.
4 Lectures | 12:24
Agility and Reliability Modes (with Excercise 2)
02:09
We'll explain the Reliability and Agility modes of the Bimodal IT and conduct the 2nd exercise.
Bimodal IT Operating Model
01:32
An overview of the Bimodal IT operating model.
Case Study: Bimodal Procurement in Practice
06:29
We'll study the practical case of bimodal procurement realization in the Asian Development Bank.
Deficiencies of the Bimodal IT concept
02:14
We'll explain the psychological and organizational limitations of Bimodal IT.
5 Lectures | 17:08
The PST Concept by Simon Wardley
04:25
Simon Wardley proposed the Pioneer, Settler, Town Planner(PST) concept as an organizational model for supporting long-term innovation.
Case Study: Design for Excellence (DfX)
05:52
We will review the PST concept implementation case study in the form of Design for Excellence (DfX.)
Buyclasses in Buygrid Framework
01:59
We'll explain three buyclasses from the classical procurement theory of the Buygrid Framework.
Pace Layer Model with Examples
02:45
We'll introduce the Pace Layer Model.
Adaptive Sourcing Model
02:07
The Adaptive Sourcing Model is the adaptation of Gartner's one based on the synthesis of earlier explained ground theories.
5 Lectures | 26:33
Basic definitions. Innovation in the Product Lifecycle.
02:00
We will introduce some definitions of innovation and map them to the Product Lifecycle.
Innovation and Innovation-Friendly Procurement
03:32
We will explain the difference between buying the process and the results of innovation. Then we will detail the concepts of Innovation Procurement and Innovation-Friendly Procurement.
Agile Supplier Selection.
06:24
We will explain different supplier selection processes for innovation and provide a detailed view of the Agile Supplier Selection.
Case Study: Agile Supplier Selection of the Office Renovation Services
13:03
Pre-commercial procurement
01:34
We will explain the process of Pre-commercial Procurement.
3 Lectures | 13:12
Hybrid Sourcing Strategy
06:23
We'll propose a bespoke sourcing strategy as the practical realization of Adaptive Sourcing.
A Practical Case of a Sourcing Strategy
06:47
A practical case of applying the sourcing strategy.
Full Course Quiz
10 questions
Course Slides and Narrative. Links to my blog posts on course topics.
00:02
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