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Welcome to our captivating video presentation, “At the Forefront of Procurement Innovation: DRB-HICOM’s Digital Transformation Story,” featured at the Horizon event. This session delves into the remarkable journey of DRB-HICOM, a leading Malaysian conglomerate, as they navigate through the challenges and triumphs of digital transformation in their procurement processes. Join us as we explore how DRB-HICOM is setting new standards in procurement innovation, leveraging technology to drive efficiency, transparency, and strategic value.
Key Insights from ‘DRB-HICOM’s Digital Transformation in Procurement’:
The Genesis of Transformation:
Begin with an overview of DRB-HICOM’s initial motivations for embarking on a digital transformation journey. Understand the challenges they faced in traditional procurement practices and the strategic vision that guided their digital leap.
Strategic Implementation of Digital Solutions:
Discover the digital solutions and technologies DRB-HICOM implemented to revolutionize their procurement processes. Learn about the selection criteria, integration challenges, and the role of leadership in driving digital adoption.
Achieving Operational Excellence:
Explore the tangible benefits DRB-HICOM has realized from their digital transformation efforts. From streamlined operations and cost savings to enhanced supplier relationships and data-driven decision-making, see how digital procurement has elevated their business.
Overcoming Digital Transformation Hurdles:
Gain insights into the hurdles DRB-HICOM encountered during their digital transformation journey and the strategies employed to overcome them. Understand the importance of change management, stakeholder engagement, and continuous learning.
The Future of Procurement at DRB-HICOM:
Look ahead to the future aspirations and ongoing projects DRB-HICOM has in the realm of digital procurement. Consider how emerging technologies like AI, blockchain, and IoT might further transform their procurement landscape.
Lessons Learned and Best Practices:
Conclude with key lessons learned and best practices gleaned from DRB-HICOM’s digital transformation experience. Discover actionable insights that other organizations can apply to their own digital procurement initiatives.
