Lesson 2

Procurement
Digitalization
 The digital transformation of procurement
safely / impact / lowest / management / positive / agreements / money / digital /
services / processes

Procurement is the managementof purchasing and everything involved with

acquiring third-party goods and . Itservices
deals with the brokering of trade
. It looks for ways to secure products at the
agreements price. It makes sure purchased
lowest
goods make it to the premises. safely
Digitization refers to the conversion of analog processes into digital
ones. This is
where digital procurement starts, with a basic switch.
Digitalization refers to the use of active digital procurement .processes
At this stage,
you’ve made the switch, and it’s having an on operations. Now you should be
impact
monitoring every task and process to make sure that software or other technologies are
having a effect. Automation, in particular, should save the company
positive
each month. money
 The digital transformation of procurement

field / overall / transition / invest / interaction / technologies / operation

Digital transformation happens at a later point when a company has invested heavily
in digital . At this technologies
stage, a “digital-first” model is adopted, and the
business commits to a full and all-encompassing .
Business owners knowtransition
that in order to thrive in their , they must move fast
and efficiently. That is why many businesses have embraced digitalization
field to develop
new ways of improving their .
Digital procurement creates with the buyers, suppliers,operation
and third parties
interaction
that will produce new ways of collaboration. It transforms the operation of
a business.
Digital procurement overall
starts with digital transformation. Businesses must
in digital technologies to further their development.
invest
Digitalization at work

 We have all witnessed the change

from pen and paper to the screen in
our jobs. Could you describe how
this happened in your company?
 Connect the term with the definition.
custom made (typically refers to clothes); made to the
ecosystem
customer’s specifications

the process of making something less severe or

bespoke
intense; alleviation

a system formed by the interaction of a

deployment
community of organisms with its environment

mitigation inconstant; fickle; prone to constant change

the distribution (of persons or forces) systematically

volatile
or strategically
 Connect the term with the picture.
a set of pieces of creative work collected
to be shown to potential customers or
employers
show floor

portfolio

booth

showcase an exhibit or display; to

present at an event

give the keynote address keynote

(speech) to an audience
 Digitalization at work

People often say that

technology destroyed a lot of
jobs. Would you say it has
created just as many jobs?
 Homework assignment

 Watch the video about soft C and hard C (2:30 min)

 Read pages 2 and 3 from Topical insights
Thank you 