Digitization of Procurement

Digitalization refers to the use of active digital procurement processes. Potential benefits of successful digital transformation are improved Efficiency, Transparent Operations, Enabled Cost Savings, Revenue Creation, Agility and Improvements in Supply Chain Management. There are a range of technologies available as for example Spend Visibility Analysis Tools, Blockchain Technology for Smart Contracts, Robotic Process Automation (RPA) Technology. and Procure to Pay System. In this course Medius tool-kit is used to illustrate how the standard processes can be digitized.

Content (18 min)

    1. Roles and processes at LHTS

    1. Download slides

    2. Digitization versus Digitalization versus Digital transformation 

    3. Why Digitization?

    1. Digitization of the Sourcing process

    1. Using Medius Tool box as example

    1. Questions to help you verify that you meet the Learning Objectives.

About this course

  • €20,00
  • 11 lessons
  • Procurement Management role
  • Basic course


Senior instructor. Fredrik Axelsson

Fredrik was born in Gothenburg on the Westcoast of Sweden where he earned his Master in Economics (1996) at Gothenburg University. Later Fredrik completed his Executive MBA (2003) at Stockholm Business school. Fredrik has experience from several companies: LM Ericsson, Solectron Sweden AB, Axelson Purchasing Resources AB, Saab AB and Alstom/GE before setting up Sourcing Partner in Summer 2017. During his career he has developed a broad experience within sourcing and procurement, holding roles from Operative Buyer to Sourcing Director via roles as Commodity manager and Business Development. Both in line organization and projects as consultant, owner and employee - in small and large business - in banking as well as manufacturing industry.

Next step

  • €20,00

    Supplier Code Of Conduct

    Procurement departments are responsible for sourcing goods and services from suppliers that meet the organization's requirements for quality, cost, and delivery. However, in addition to these basic requirements, procurement professionals must also consider the ethical and social implications of their purchasing decisions. This is where a supplier code of conduct comes in.
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