The Procurement Practice
People - Process-Technology
CPO Sponsored Services
With our collaboration service we focus on subjects that are immature and common challenges/opportunities across organisations and industry sectors.
These services are iterative and aim to pull together the collective experience and insights of all participating members to produce best practice strategies and methods to execute.
AI in Procurement
Artificial Intelligence is the big buzz word today and is on every CxO's radar. This is likely because most of us have now played with latest Generative AI tools such as Bard or ChatGPT and can tangibly see the potential power for ourselves.
In fact AI may well be in use in your business today. Think of Optical Character Recognition (OCR) for Invoice processing!
This collaboration looks to pull together organisations current state of AI use and thoughts about potential use of AI in Procurement. We will augment this with use cases available now or under development from the Technology players, especially in Generative AI (..for now).
The output would be a running roadmap of AI uses in the S2P and Supplier Management cycles, with Technology and cost of use commentary.
We will monitor trial use cases in participating organisations to understand the real world success.
"Content is King" for eProcurement
The Procurement Practice strongly believes that "Content is King" for a successful eProcurement system in your organisation.
Yet the Middle East is 20 years behind many areas of the Americas, Europe, Africa and Asia when it comes to Suppliers being comfortable with providing content, either through static catalogues or ideally through PunchOut sites.
This situation has not been helped by the technology platform providers who 20 years ago understood the role of Content and pushed the agenda with supplier training and development in other regions. In the Middle East they've done scant little to develop this area and still seem not to take it as a serious issue.
Through this collaboration we intend to:
1) capture the current state of "Content" within the community and along with the strategies they used to get there.
2) Engage with the Supplier base and establish a list of ones who seems to be on the right track, or are actively pursuing an agenda to be "Content capable".
3) Provide participating organisations tools to reliably build static content (or their suppliers) in an efficient and right first time manner.
4) Provide a framework to encourage suppliers to build PunchOut content sites.
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