Procurement Evolution: From Legacy Systems to Cloud

Episode notes

This week, host Sagi Eliyahu welcomes Nico Bac , Founder of Digital Procurement Now , shares his journey from driving procurement innovations at Procter & Gamble to establishing his own advisory firm. Gain valuable insights on effective leadership, the critical role of user-friendly technology and AI’s growing influence in the industry. Key Takeaways: (02:10) Nico’s transition from corporate procurement at Procter & Gamble to founding his own firm. (04:45) Early adoption of digital procurement tools like Cooper and Ariba. (07:55) Emphasizing user experience as a top priority in procurement technology. (11:20) Cautionary approach to AI’s growing influence in procurement. (15:35) Risks associated with relying on outdated procurement technologies. (18:50) Migrating procurement systems to cloud-based platforms is essential. (22:30) Big data will drive future procurement decisions and enhance strategy. Resources Mentioned: Nico Bac - Digital Procurement Now - This episode is