š Do you know enough about AI in Procurement?
Are we asking needless questions about AI to Procurement Tech?
Hey Procurement Legends,
Supply chain chaos has hit 2024 HARD. Iām reading up and talking with people across the tech space so far. Everyone is aware of the huge challenges coming to procurement and the tech solutions are trying to solve this.
Itās a promising time.
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What I'm Reading Watching
Iāll be honest; Iāve had a week of reading fiction and sleep-interrupted nights as my Daughter experiences some form of sleep regression. Joys of parenting. Which means my morning reading sessions have vanished.
However, Iāve been watching some of Christian Schuhās Procurement YouTube videos. I really rate his content.
This was a good one.
What I'm Thinking (about Procurement)
AI in Procurement.
Partly prompted by my own experiences in 2023 and
latest community article over on . left a comment that I couldnāt help but nod my head along with.
If youāre looking at Procurement Tech and asking about the AI/ML capabilities ensure youāve a reason why youāre asking about it.
Too often people are asking about AI without any knowledge about what they need or how they can be aided by it.
We need to do our homework first and figure out if we even need AIā¦especially as most are referring to Gen AI.
One Procurement Tech Focused Insight
Supply Chain Risk Visibility is a big opportunity right now. I see this as a huge gap in Procurement Tech offerings to visualise our supply chains and figure out the Tier N disruptions.
One Piece of Content I've Found Useful
Beyond the pieces Iāve already noted which you should check out I liked this piece:
Procurement Software Startup Pivot Raises $21.6 Million Just a Few Months After Its Creation
Procurement software startup Pivot has raised $21.6 million in a Series A round, just a few months after its creation. Despite a decline in startup investments in Europe, Pivot's rapid scaling and positive client feedback have contributed to its success.
ICYMI
Why Every Procurement Pro Needs a Personal Knowledge Management System
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Thanks
Daniel
Thanks for the shout out Daniel! AI is an incredibly important topic, and despite my cynicism towards certain proposal "requirements", I do believe it can make a big difference. Hopefully framing it in this way can cause people to stop and think about what they actually need to be improved by AI
Sort that out, work with the right people, or even better get yourself in the middle of that scrum and bring the ideas, and you're laughing