Cognitive Procurement Specialization Program
The Cognitive Procurement Specialization Program was created by the team at Zycus, a global leader in Cognitive Procurement software solutions. The lessons of this course are carefully curated to assist forward-looking procurement leaders and aspiring practitioners in leveraging Cognitive Procurement technology to generate path-breaking business outcomes regarding savings, visibility, compliance, and risk mitigation. It paves the way for a new-age procurement organization that is no longer a cost center but is ready to hit the bottom line by elevating its teams from focusing on tactical transactions to strategic projects.
What is “Cognitive Procurement”?
Cognitive procurement uses artificial intelligence (AI) to digitalize and optimize procurement processes across the source-to-pay cycle. It automates mundane and tactical tasks, helps organizations improve efficiency, reduce costs, and make more informed decisions.
It’s a framework that allows procurement professionals to free up their bandwidth and spend 100% of their time focusing on high-value strategic initiatives that rely on advanced human thinking or cognition, such as interpreting trends, engaging, collaborating, inventing, formulating and executing strategies, and driving business performance to new heights.
What will I learn in this course?
In this Cognitive Procurement course, participants will learn about the various technologies used in cognitive procurement and how they can be applied to different procurement processes. The course will also cover best practices for implementing cognitive procurement, as well as strategies for overcoming common challenges. Through experiential demos and case studies, participants will gain a deeper understanding of how cognitive procurement can be used to improve their organization’s procurement outcomes.
Who should take this course?
The Cognitive Procurement course is designed for professionals in procurement, supply chain management, and other related fields. This includes individuals who are responsible for sourcing, supplier management, spend analysis, contract management, and procure-to-pay processes. The course is also suitable for managers and executives who want to gain a deeper understanding of how cognitive procurement can benefit their organization.
Individuals who take the course will gain valuable skills and knowledge in the areas of AI, which are becoming increasingly important in today’s digital economy. They will learn how to use these technologies to automate and optimize procurement processes, resulting in improved efficiency and cost savings. Additionally, they will gain a better understanding of how to make more informed decisions through the use of data-driven insights.
Finally, the course is intended for professionals who want to stay current with the latest technological advancements and best practices in procurement and want to be able to bring more value to their organization.
How is the course structured?
The course is divided into 6 major lessons or “Chapters.” Chapters 1, 3, and 5 each have two parts. In all, the course has approximately 90 minutes of content. Additionally, there are short quizzes at the end of each chapter designed to test the retention of knowledge in learners and to reinforce learning. Apart from these, there are also several additional resources across the course designed to provide practical insights to complement the theoretical learnings from the videos.
Resources include case studies, whitepapers, eBooks, interactive tools, and a state-of-the-art AI Experience Center – a sandbox environment to simulate AI for procurement.
What can I expect after completing the course?
In addition to the knowledge, skills and tools gained, those who have completed the course can immediately apply what they learned. All graduates of the course are issued a certificate of completion as well as a digital badge to share on social media like LinkedIn.
Graduates are also invited to join the SIG University Alumni and Faculty private LinkedIn group to stay connected with peers and faculty.
See a more in-depth overview of the CPSP program.
Who are the Faculty and Authors?
Meet the subject matter experts that have supported this program!
VP Corporate Development at Zycus
Principal and Global Procurement Advisory Practice Leader at The Hackett Group
Distinguished Professor of Supply Chain Management at NC State University
Third Party Risk Management Leader at Westfield Group/Westfield Insurance
Download our Curriculum Guide
Learn more about our other SIG University programs.
Certificate & Digital Badge
All graduates of the CPSP program are issued a digital badge and a certificate of completion to include on their LinkedIn profile & CV.