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Evolving Procurement with AI, strategic partnerships & sustainable growth
Adam Smith joins Kathy Svetina to share practical insights on transforming procurement from a basic purchasing function into a valuable business partner, and everything from managing software costs to building effective partnerships across departments.
Key takeaways:
- Procurement must be positioned as a strategic partner for success
- Align procurement with finance
- Develop procurement as an art, not a science
- Understand business needs before building procurement processes
- Collaborate with finance from day one
- Use technology to automate and streamline high-volume processes
- Tackle SaaS and cloud costs with a value-driven approach
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