Procurement Evolution: From Legacy Systems to Cloud

This week, host Sagi Eliyahu welcomes Nico Bac, Founder of Digital Procurement Now, shares his journey from driving procurement innovations at Procter & Gamble to establishing his own advisory firm. Gain valuable insights on effective leadership, the critical role of user-friendly technology and AI’s growing influence in the industry.

Key Takeaways:

(02:10) Nico’s transition from corporate procurement at Procter & Gamble to founding his own firm.
(04:45) Early adoption of digital procurement tools like Cooper and Ariba.
(07:55) Emphasizing user experience as a top priority in procurement technology.
(11:20) Cautionary approach to AI’s growing influence in procurement.
(15:35) Risks associated with relying on outdated procurement technologies.
(18:50) Migrating procurement systems to cloud-based platforms is essential.
(22:30) Big data will drive future procurement decisions and enhance strategy.

Resources Mentioned:

This episode is brought to you by Tonkean.

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