Introduction After years of working in procurement and experimenting with AI, I've compiled my most effective use cases into this comprehensive playbook. This isn't theoretical – these are battle-tested approaches that can transform your procurement operations. I'm sharing this for free because I believe the procurement community deserves access to practical AI implementation guidance, not just vendor marketing materials. Understanding the Rating System Before diving in, here

Everyone is talking about AI in Procurement, apparently even more than the LLM model developers. I do agree that the Procurement AI industry stands at a critical inflection point, but it's not because it is at a breakthrough stage. It is quite the contrary. With the circular validation ecosystem, the Digital Procurement industry has created an echo chamber that barely resonates with actual business results within its organizations. The data backs it up, and I will share many

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Learn how Top 1% of procurement excellence teams are spending their time and money in 2024 PROCUREMENT TECH : 30% eSourcing tools continues to become commoditized and there is very little differentiation left amongst the players in the overcrowded market. Recent players have the advantage of more responsive tech stack, lower cost and faster implementation times. This table shows the amount of money per annum allocated by advanced Procurement Center of Excellence setups Key Hi

2024 Key Events Notes and Actions to Take (Part 2): Previously, I spoke about - Commodity Price Slowdowns - Consulting World Shakeup - Election Year of World - Slowdown to GenAI API startups - Accelerated Supplier Developments - USD Depreciation Now, I want to focus on Digital Procurement: - Slowdown in Meaningless Digital Procurement Spending: Firms will delay "good to have" digital procurement tools. Yes, Proof of contracts will increase, but actual contract conversions wil

At Supernegotiate Procurement Labs, I am trying to bring the Procurement community focus where it should be. Solving high-impact problems. Currently, the Digital Procurement world is extremely noisy, and no groundbreaking innovations have happened in the last 10 years. We are still talking about the problems that existed in 2010. I have been working on a few 0-1 scale problem statements in Procurement for the last 2-3 years. Low success rate so far! But I am looking to land o

I want to share my learnings on What exactly a Procurement Excellence function should do? Most of the Procurement Excellence function starts as a thought experiment but ends up as an admin function or merely a support function to churn reports and ad-hoc business analysis work! It is because of weak value deliverables and a lack of strong use case implementations. To create a successful Procurement Excellence setup, one has to develop a comprehensive collection of workstreams

Here are my recommendations that will save you $300k in consulting dollars! 1) Build Fundamental Units: You MUST have these domains in your CoE a.) Process Efficiency, Governance, Digitization and Change Management : Have 4 dedicated resources here and ensure you get at least ONE data scientist here. Yes! You need one. KPI: 50k Man days saving/year 2.) Data & Dollars Team: In other words, Negotiation Factory Team: My FAVOURITE! This is where you need data scientists who have

You know what REAL procurement excellence and digitization of top 1% players looks like? ✨ The most transformative and game changing work is boring, difficult and extremely tactical. There is absolutely zero chance of being philosophical in Procurement Transformation and Excel at the execution. (So filter out firms/people who lack execution & tactical capabilities. Goodbye Ineffective Project Managers/Consulting Firms/Conferences). Let me give you an insight what goes under t