Digital Procurement Track
This programme is part of the Industry Practice Master
About
DIGITAL PROCUREMENT TRACK
This track provides learners with an opportunity to master the future of procurement. This dynamic programme is packed with essential modules covering procurement fundamentals, finance and data analytics, AI, automation, and more. Participants will not only gain the knowledge to drive cost efficiency, and streamline procurement processes but also develop the expertise to build strong supplier relationships and lead strategic, sustainable initiatives. This track is your pathway to becoming a forward-thinking leader in the rapidly evolving field of digital procurement.
Course Schedule: 23 & 24 Jan 2025
Participants will be introduced to the fundamentals of blockchain, cryptocurrencies and smart contracts. They will also gain insights into the advantages and limitations of blockchain technology and appropriate use cases. They will also learn to combine both legal and smart agreements in one cohesive process using techniques applied in the field, in aim to offer their clients the best of both worlds.
Course Schedule: 10 & 11 Feb 2025
Participants will gain a conceptual overview and insights into the technical know-how to be brought in to support the human element in the transition to a robot-filled working environment. Participants will also understand the implication of RPA to operations and the associated organisational impacts on people.
Course Schedule: 14 & 15 Jan 2025
Participants will gain insights to the concepts of the “Metaverse” and “Web 3.0” and provide a framework for understanding how the law might evolve to deal with the challenges posed by these new technological frontiers. They will also learn how to deal with Web 3.0 and its relationship to the Metaverse.
Course Schedule: 27 & 28 Feb 2025
Participants will be introduced to four fundamental ingredients that contribute to a culture conducive to innovation. This course includes hands-on activities for participants to practice newly learned skills and discuss practical considerations. The course also discusses the innovation culture framework which consists of leadership, environments, systems & processes, passion & grit.
Course Schedule: 13 & 14 Mar 2025
Participants will gain an understanding on what is the Internet of Things (IoT) and how it works. Participants will also learn how IoT devices interact with users. Additionally, participants will delve into the constraints and opportunities of wireless and mobile networks for IoT.
Course Schedule: 20 & 21 Mar 2025
Participants will develop an understanding of the foundations of Artificial intelligence (AI) and machine learning (ML), before developing a capability to deploy "Intelligent" and "Cognitive" tools within Process and Service Design contexts. Participants will also understand the governance challenges of "AI-Assisted" process, product, and service design.
Participants will gain insights into their journey toward a formal procurement role through the sharing of essential skills and knowledge. Participants will also acquire the essential skills required for procurement and learn to plan and apply these skills effectively at different stages.
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Participants will learn the logical systematic evaluation procedure that should be followed in order to determine accurately the lowest evaluated substantially responsive bid in accordance with the terms and conditions of the bidding document organisation requirements.
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Participants will learn how to create SMART key performance indicators for practical implementation and the audit concerns for mismanagement. Participants will also be able to better appreciate the key role contract management plays in the procurement lifecycle.
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Participants will gain insights on the tools involved in making category management successful in organisations and the implementation steps to it. Participants will also learn how this approach can build a significant competitive advantage, deliver dramatic cost reduction and the value and innovation required for business success.
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Participants will explore how finance and analytics can help drive decisive insights for procurement and enable organisations to unlock their real value. Participants will learn how finance plays an incredibly important role in procurement and why it is essential to understand the value it offers. Participants will also learn how analytics helps integrate both internal and external data sources, providing information about supplier markets anytime and anywhere.
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Participants will be equipped with the right knowledge of procurement fraud modus operandi, red flag, and the skills to detect them early by studying some of the high-profile fraud cases and procurement lapses. Participants will also explore the various dimensions that would help organisations enable sustainable procurement in the new world.
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Course Schedule: 17 & 18 Feb 2025
Participants will learn about Sustainable Procurement topics, strategies, standards and practices. Participants will also be able to explain the scope and importance of sustainable procurement and learn to appreciate it from multiple aspects.
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Participants will be equipped with the knowledge and skills to lead sustainable procurement initiatives within their organisations. Participants will also learn to align procurement practices with organisational goals, drive positive change, and adapt to evolving requirements in a rapidly changing business landscape.
Course Schedule: To be advised
Participants will gain in-depth understanding of the role of data analytics and performance measurement in procurement. Participants will also learn how to leverage data analytics tools and techniques to optimise procurement processes, make informed decisions, and drive cost savings.
Course Schedule: To be advised
Participants will explore the role of automation in enhancing efficiency, accuracy, and cost-effectiveness within procurement operations. Participants will gain practical knowledge on selecting suitable tools for automating specific procurement tasks based on organisational needs.
Course Schedule: To be advised
Participants will explore the use of design thinking in a specification writing context. Participants will also discover the science and the art of specification writing to help achieve the expected and desired outcomes. Participants will also learn from the many cases shared how to achieve precision and clarity in communicating the needs of procurement.
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Participants will learn the practical approach, tools, knowledge and confidence they need to direct negotiations to their advantage. Participants will be introduced to a logical, step-by-step process that will ensure they have the best plan in place to achieve the desired objective with their negotiation.
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Participants will gain an overview of the impact of digitalisation on procurement over the years, the benefits and pitfalls. Participants will acquire specific knowledge within procurement about the technologies that are available and how they fit together in the strategic landscape.
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Participants will learn the process of sourcing, and understand the various types of enterprise and procurement risks. Participants will also explore how to manage procurement sourcing efficiently while mitigating the possible risks identified.
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Participants will learn the tools and approaches to identify and manage important and strategic suppliers. Participants will also learn how to apply different approaches to better manage a supplier. Participants will also explore how to identify how a strategic supplier can help drive business growth or create a competitive advantage.
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Participants will be equipped with the knowledge and skills needed to lead the charge in integrating environmental stewardship, circular economy principles, and renewable energy sources into procurement strategies.
Course Schedule: To be advised
Participants will be equipped with the knowledge and skills necessary to navigate the complexities of procurement while championing ethical principles and sustainability initiatives. Participants will also explore strategies for implementing responsible sourcing practices, leading sustainable procurement initiatives, and aligning procurement strategies with broader sustainability goals.
Course Schedule: To be advised
Participants will be equipped with the knowledge and skills needed to lead sustainable procurement initiatives within their organisations. Align procurement practices with organisational goals, implement effective strategies, and apply sustainability principles to drive positive change in a rapidly evolving business landscape.
Course Schedule: To be advised
Participants will be equipped with the knowledge and skills necessary to drive sustainability initiatives within their supplier networks. Participants will also gain a deep understanding of the critical role suppliers play in sustainability, learn effective strategies to foster awareness and commitment to sustainability, and master tools for driving supplier behaviors towards sustainability.
Course Schedule: To be advised
Participants will uncover the complexities of cybersecurity's role in digital procurement, from understanding the latest developments to mastering essential principles. Participants will also explore the knowledge and tools needed to navigate the cyber frontier with confidence, focusing on common cybersecurity threats, best practices for securing digital procurement processes, and strategies for mitigating risks effectively.
Course Schedule: To be advised
Participants will learn an overview of the Internet of Things (IoT) and its relevance to procurement. Participants will also gain the latest insights and strategies in IoT adoption to optimise supply chains, enhance efficiency, and drive innovation.
Course Schedule: To be advised
Participants will learn fundamental change management principles, assess organisational readiness, and craft a compelling vision for digital transformation. This includes ensuring robust stakeholder engagement, developing communication strategies, and cultivating the requisite capabilities and skills.
Course Schedule: To be advised
Participants will gain in-depth understanding of the role of data analytics and performance measurement in procurement. Participants will learn how to leverage data analytics tools and techniques to optimise procurement processes, make informed decisions, and drive cost savings. Participants will also explore best practices for implementing data-driven decision-making processes within their organisations to enhance procurement outcomes.
Course Schedule: To be advised
| Components | Contact Hours Equivalent (CHE) / [No. of modules] | |
|---|---|---|
Skills-based Modules (Classes are held from 9am to 6pm) | Programme Core | 90 CHE [6 modules] |
| Track Core | 150 CHE [10 modules] | |
| Track Electives | 90 CHE [6 modules] | |
Industry Certification (30 CHE)
OR
Personalised Learning Module (30 CHE)
Learners can personalise their learning through two options: ‘Design Your Own Course’ or pursuing industry-recognised credentials. This approach not only allows them to address their distinct learning needs, interests, and aspirations but also supports the development of Critical Core Skills of Adaptability, Learning Agility, and Self-Management, alongside industry-specific technical skills and competencies.
SMU-XL (60 CHE)
Learners will work on a project that engages them in solving a real-world problem for their employer or industry consultancy. They will be able to demonstrate their knowledge and skills by creating a solution prototype for project sponsors, developing content knowledge and Critical Core Skills like critical thinking, collaboration, creativity, & decision-making. Work-based learning offers adult learners valuable work-related experiences, applying academic and technical skills while enhancing employability.
þ Integrated SMU-Employer Partnership þ Education & Career Guidance by Career Development Coach
ADMISSION REQUIREMENTS
Admission requirements
- A Bachelor’s degree with at least 5 years of relevant work experience; or
- A Diploma from a local polytechnic with at least 10 years of relevant work experience
Validity of stackable modules
- Up to 4 years. Requests for extension beyond the validity period of 4 years is subject to the review and discretion of the Academic Director, Lifelong Learning.
In general, learners will be encouraged to complete the Industry Practice Master within 3 years.
PROGRAMME FEES
Programme Component | Singapore Citizen < 40years old; Permanent Resident; LTVP+ | Singapore Citizen ≥ 40years old | International Participant (Non-funded) |
|---|---|---|---|
| Application Fee1 | $109.00 | $109.00 | $109.00 |
| Registration Fee2 | $654.00 | $654.00 | $763.00 |
| Programme Core (6 modules) | $3,956.70 | $1,514.293 | $13,189.00 |
| Track Core (10 modules) | $6,540.00 | $2,5403 | $21,800.00 |
| Track Electives (6 modules) | $3,924.00 - $4,578.00 | $1,524.00 - $1,778.003 | $13,080.00 - $15,260.00 |
| Personalised Learning | $3,270.00 | $3,270.00 | $3,270.00 |
| SMU-XL | $6,540.00 | $6,540.00 | $6,540.00 |
| Examination fees (Programme Core and Track Core) | $2,180.00 | $2,180.00 | $2,180.00 |
| Total | $27,173.70 - $27,827.70 | $18,331.29 - $18,585.29 | $60,931.00 - $63,111.00 |
Application & registrations fees are non-refundable & non-transferable
1Paid upon application for the programme
2Paid upon acceptance of the offer to the programme
3SkillsFuture Level-Up Programme for Mid-Career Individuals (NEW). A SkillsFuture Credit (Mid-Career) top-up of $4,000 will be provided to Singaporeans aged 40 years and above to further offset out-of-pocket course fees for this programme
* The above fees are inclusive of GST, a tax collected on behalf of the Singapore Government, and will be charged at the prevailing rate.
* The above fees vary according to the learner's profile and their selected track electives.
ONLINE APPLICATION & KEY DATES
| Application Stages | Start Date |
|---|---|
| Online Application | Registration Opens on 2 Sep 2024 |
| Interview | Oct 2024 Onwards |
| Term Commences | Jan 2025 |
