42. Succeeding With New Solutions w/ Nico Bac, Founder of Digital Procurement Now

In this episode, we’re joined by Nico Bac – Founder of Digital Procurement Now, former Senior Director at Procter & Gamble, and an expert in Digital Procurement Transformation with over 20 years of experience in Purchasing.

Nico joins Sam for a fantastic discussion about digital transformation in Procurement – from building business cases and being bold about new technology needs, to overcoming struggles and succeeding with tech adoption, to closing Procurement’s knowledge gaps with technology, and much more! 

(00:38) - Introducing Nico

(01:16) - What does Sourcing & Procurement mean to Nico?

(02:12) - What is Nico excited about Procurement today? 

(03:32) - Nico talks about his 20+ years experience in Procurement at Procter & Gamble

(07:25) - Why does Nico think that Technology and Procurement are two different worlds? 

(09:18) - Does Nico think that Procurement dares to be bold today? 

(11:18) - How can Procurement build better business cases for new technology adoption? 

(13:47) - Why are Procurement teams struggling to get the tech that they need and how can they succeed?

(17:14) - How does a business formulate their problem statement before going to the ProcureTech market? 

(19:10) - Does Procurement have a harder time buying things that they themselves will use? 

(21:02) - What do ProcureTech companies need to do better to ensure that businesses adopt their technology? 

(25:20) - How does Nico think that Procurement can close their knowledge gap with Technology? 

(28:11) - Is there a gap between Procurement’s expectations of technology and hyper-productivity? 

(32:55) - What does Nico think are the biggest trends coming to Procurement in the next 5 years?

(35:35) - Does Nico believe that best-in-breed solutions will last or ProcureTech will move towards consolidated suites?

(38:42) - Nico answers our round of quick-fire questions