DATA! AI don’t need no stinkin’ DATA!
Procurement Insights
by piblogger
7h ago
“The hot topic was where to get started with AI and the importance of finding a quick win. Both Supplier Discovery and Contract Management surfaced as the lowest-hanging fruit for the fastest win. The general consensus was to avoid AI projects that involve dependency on clean data.” – Procurement Leaders | A World 50 Group Community – https://bit.ly/4ayz81G There is nothing wrong with a quick win – or a series of quick wins per Jom Collins’ Flywheel model. However, one line from the above excerpt that does require some clarification, is the conclusion reached by the panel’s recommendatio ..read more
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AI “Quick Wins” and Data Avoidance
Procurement Insights
by piblogger
7h ago
“The hot topic was where to get started with AI and the importance of finding a quick win. Both Supplier Discovery and Contract Management surfaced as the lowest hanging fruit for the fastest win. The general consensus was to avoid AI projects that involve dependency on clean data.” – Roger Blumberg, Scoutbee A series of quick wins is always nice. Or, for baseball fans, don’t swing for the fences. Instead, string together a series of singles and doubles, which is how you rack up the runs and win the game. The question is, how do you get the hits? A bat alone won’t do it unless it’s in the han ..read more
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The Pareto 4% and Costa Coffee’s exponential global reach
Procurement Insights
by piblogger
1d ago
My day starts around 6:00 AM with the silence of the morning, my breaking news feeds, and a cup of coffee. For me, that first sip of java is genuinely one of the highlights of my day! Recently, I had an extra caffeine boost thanks to a podcast featuring Costa Coffee’s Francisco Javier Martínez Moreno. As Costa Coffee’s Chief Supply Chain Officer, Francisco joined Leaders in VALUE CHAIN host Radu Palamariu to talk about his twenty years in the supply chain with Costa Coffee and, before that, Danone. Why This Podcast? Having hosted over 900 podcasts of my PI Window on The World show on Blog ..read more
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When Is Conflict and Change A Good Thing?
Procurement Insights
by piblogger
2d ago
Calgary Women in Energy is excited to announce our 2024 Allies in Energy Executive Forum. Since 2020 we have brought Executives together to discuss thought provoking topics and this year is no different. A highly esteemed panel of local energy Executives will meet on April 10th to discuss conflict and change management. We hope that you will join us at this year’s event. Purchase your ticket for this amazing event before it sells out! – https://lnkd.in/gnbbysYH Looks like a great panel tackling an important topic, Kara Slemko. I hope the organizers record it. After more th ..read more
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If You Are A Solution Provider “Selling” To Procurement – Stop It!
Procurement Insights
by piblogger
3d ago
This is the fourth video in this series. In the previous three, I provided successful case studies involving the following organizations: GE Capital A.G. Simpson Lear Corporation General Motors Kellogg’s Kodak Deloitte Touche (now Deloitte) Before proceeding to the next case studies, starting with the Department of National Defence contract, I would like to discuss how to build your own success stories. Here are a few statistics to ponder as you watch the video: 82% of B2B decision-makers think that commercial and industrial salespersons are unprepared for the call or meeting 74% of salespe ..read more
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Why did this big NYC contract go off the rails?
Procurement Insights
by piblogger
5d ago
The March 9th, 1978 headline reads, “Concern Ends Work On Parking Meters In Dispute Over Pay.“ @old.days.com #1978 #newyorkcity #parkingmeters #tvnews #newsreporter #news #nycnews #newsreport ♬ original sound – Old Days Commercials Here are a few questions? What do you think went wrong with this contract in 1978? Why could a similar impasse occur in 2024? As you consider your answers to the above questions, I have my own theories on where contract disputes originate – at the negotiating table. Here is an excerpt from an article I wrote in 2010 about the following comment Tim Cummins made ..read more
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Advice to solution providers: stop loving your technology and start solving practitioner problems
Procurement Insights
by piblogger
6d ago
Jon W. Hansen, agree! A true solution provider, as opposed to a system vendor, will focus on identifying your challenges and then offering solutions to address them. Sometimes that means they will acknowledge that they don’t offer a solution, or perhaps only a partial solution, for your needs. – Canda Rozier, Procurement Evangelist Jon W. Hansen and is the shift needed that aligned to critical thinking skills versus software products as a panacea solution… – David Loseby MCIOB Chtr’d FAPM FCMI FCIPS Chtr’d FRSA MIoD MICW I have been in high-tech for more than 40 years. I absolutely LOVE tech ..read more
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What is your procurement team’s greatest blindside risk?
Procurement Insights
by piblogger
6d ago
Sometimes, a short video says it all! Do you know what risk is coming your way? How do you prepare for the unexpected? Where is your procurement Blind Spot? 30 ..read more
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What is your procurement team’s greatest blindside risk?
Procurement Insights
by piblogger
6d ago
Sometimes, a short video says it all! Do you know what risk is coming your way? How do you prepare for the unexpected? Where is your procurement Blind Spot? 30 ..read more
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5 reasons why the CEO “isn’t” worried about procurement?
Procurement Insights
by piblogger
6d ago
The February 9th, 2024, Inc. article headline reads, The 5 Biggest Hurdles for CEOs in 2024: With the next growth cycle just out of arm’s reach, CEOs must first confront these challenges. So, what are the five hurdles that keeps CEO’s up at night? Economic uncertainty Access to capital Leadership and management challenges Talent management and workforce issues The impact of technology When you read the article, you will note that neither procurement nor supply chain pops up It doesn’t mean that procurement and the supply chain do not have a role to play or significantly impact these areas. W ..read more
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