Changing the Procurement Status Quo
Modern Business Operations: AI, Automation, Legal, Procurement, IT, and Ops · 2024-03-07 · 23 min
Episode notes
On this week’s episode, host Seth Colaner welcomes Philip Ideson , Founder and Managing Director of Art of Procurement . Philip discusses ways of bringing value as a procurement professional. Key Takeaways: (02:28) Know procurement’s purpose and bring value fitting the company’s maturity. (04:45) Measure cycle times to remove friction. (06:13) Use technology to supplement people and processes, not replace them. (08:08) Solve the longstanding data problem with AI. (10:27) Change is a journey. Take incremental steps. (13:41) Don't try to control all spend in the initial stages. (15:28) Focus technology on data analytics, it’s not a silver bullet. Resources Mentioned: Philip Ideson - Art of Procurement - Art of Supply - This episode is