“Autonomous Procurement” Is A Really Dumb Idea (II)
Import from medium.com
October 19, 2020
Part II: The people side of things…By Bertrand Maltaverne“Autonomous Procurement” Is A Really Dumb Idea by ForresterIn the 1st part of these two series, I explored why autonomous Procurement is a dumb idea when looking at it as if it meant that machines should be replacing people.In this 2nd
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Tags: Change Management, Procurement, Supply Chain
“Autonomous Procurement” Is A Really Dumb Idea
Import from medium.com
October 14, 2020
Part I: The technological side of things…
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Tags: AI, Digital Transformation, Procurement
Procurement & KPIs: The Risk Of Putting All Eggs In One Basket
Medium.com
March 16, 2020
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Tags: Change Management, Procurement, Supply Chain
Procurement & KPIs: The Risk Of Putting All Eggs In One Basket
Import from medium.com
March 16, 2020
The current Coronavirus crisis should be a wake-up call for Supply Chain and Procurement professionals!By Bertrand MaltavernePhoto by Natalie Rhea Riggs on UnsplashAlmost a year ago, I wrote about the side effects that poorly designed KPIs could have:What Is The Cure To The Side Effects Of KPIs?An
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Tags: Procurement
Ignore Supply Chain Risks… At Your Own Peril!
Import from medium.com
October 24, 2019
Despite the general consensus that risk management is important, recent studies have found that many companies still have a long way to go and a lot of work to do…By Bertrand MaltavernePhoto by Micaela Parente on Unsplashhttps://medium.com/media/6993a02a86dbc23e0930f3b78c745954/href“The Supply
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Tags: Procurement, Risk Management, Supply Chain
Ignore Supply Chain risk at your own peril
Procurious
September 23, 2019
Despite the general consensus that risk management is important, recent studies have found that many companies still have a long way to go and a lot of work to do…
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Tags: Supply Chain, Procurement, Risk Management
What Is The Cure To The Side Effects Of KPIs?
Import from medium.com
September 03, 2019
If there is one topic in business literature that has been covered exhaustively, it is Key Performance Indicators (KPIs). But if you’re not careful, the indicators you set might inadvertently encourage behaviors that can be dramatically damaging…By Bertrand MaltavernePhoto by David Clode on Uns
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Tags: Procurement
What Is The Cure To The Side Effects Of KPIs?
Procurious
August 01, 2019
KPIs: topic extensively covered in biz literature. Despite that, they're often poorly designed & inadvertently encourage behaviors that can be very damaging… And, in the world of Procurement, some KPIs may create problematic situations!
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Tags: Supply Chain, Procurement, Change Management
What Can Yoda Teach Us About The Kraljic Matrix?
Import from medium.com
July 19, 2019
The Kraljic Matrix revolutionized Procurement in 1983. Now the world looks very different. Is it time for an upgrade?By Bertrand MaltaverneThe year was 1983. This was the year that the Internet was created. Bill Gates unleashed Microsoft World on the market. Star Wars Return of the Jedi was playing
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Tags: Procurement
Lessons In Risk Management: Unity Is Strength
Import from medium.com
July 15, 2019
In a digital future, relationships will continue to matter when it comes to risk management…
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Tags: Procurement, Risk Management
After Saving Costs, Now Is The Time To Save The World!
Import from medium.com
July 02, 2019
We, as procurement professionals and as citizens, have a responsibility to take action to tackle the challenge of working sustainably.
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Tags: Sustainability, Supply Chain, Procurement
What can Yoda teach us about the Kraljic matrix
Procurious
June 18, 2019
Or the need to be able to move forward while being mindful and even respectful of the past… Even in Procurement!
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Tags: Procurement
Lessons in risk management: unity is strength
Procurious
June 13, 2019
In a digital future, relationships will continue to matter when it comes to risk mgmt… (among other things). Here are a couple of real-life stories about Supply Chain Risk Management (SCRM) that show why!
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Tags: Procurement, Risk Management, Supply Chain
Transparency In Supply Chains And Blockchain: What Is The Most Common Trap?
Import from medium.com
June 11, 2019
Becoming aware of blockchain’s weak spots is an important first step towards taking full advantage of what the technology really has to offer.
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Tags: Blockchain, Sustainability, Procurement
After Saving Costs, Now Is The Time To Save The World!
Procurious
May 29, 2019
We, as procurement professionals and as citizens, have a responsibility to take action to tackle the challenge of working sustainably.
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Tags: Procurement, Supply Chain, Sustainability
Transparency In Supply Chains And Blockchain: What Is The Most Common Trap?
Procurious
May 09, 2019
Blockchain has limitations that threaten to jeopardize many recent high-profile initiatives to increase traceability and visibility in the supply chain...
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Tags: Blockchain, Procurement, Supply Chain
AI and Procurement: Boldly Going Where No Team Has Gone Before?
Import from medium.com
May 07, 2019
The battle of “human vs. machine” is raging in Hollywood and, increasingly, in the workplace. What does the future hold for AI?By Bertrand MaltavernePhoto by Stefan Cosma on Unsplash2001: a space odyssey… Terminator… The Matrix…If you were to believe some of the sci-fi blockbusters, you
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Tags: AI, Procurement
AI and Procurement: boldly going where no team has gone before?
Procurious
April 05, 2019
The battle of “human vs. machine” is raging in Hollywood and, increasingly, in the workplace. What does the future hold for AI?
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Tags: AI, Procurement
Could RPA Make Procurement Jobs More Human?
Import from medium.com
March 21, 2019
By Bertrand MaltaverneThe new “hot” technology generating hype in 2019 is Robotic Process Automation (RPA). Here’s how it can help procurement…Photo by Andy Kelly on UnsplashProcurement is, by nature, in the business of relationships. Whether it’s managing suppliers or stakeholders, the s
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Tags: AI, Procurement, RPA
Blockchain Will Not Save The World (At Least Not This Year…)
Import from medium.com
September 26, 2018
By Bertrand Maltaverne Blockchain hype has spread like wildfire… But it’s time for a reality check…Photo by Verena Yunita Yapi on UnsplashDon’t —Don’t —Don’t —Don’t —Don’t believe the hype…“Don’t Believe the Hype” is a song by Public Enemy that dates back to 1988 an
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Tags: Blockchain
Blockchain will not save the world (at least not this year...)
Procurious
August 23, 2018
Blockchain hype has spread like wildfire… But it’s time for a reality check…
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Tags: Blockchain, Supply Chain, Procurement
4 Reasons for Procurement to Back Blockchain
Import from medium.com
August 08, 2018
By Bertrand MaltavernePhoto by rawpixel on UnsplashWhat is blockchain? How can it impact your organization and help establish trust? Why should procurement be embracing it? We answer all of your burning blockchain questions…Blockchain belongs to the (long?) list of buzzwords that are part of the
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Tags: Blockchain, Procurement
“Hey, Procurement…” The Rise of Chatbots in Supply Management
Import from medium.com
July 19, 2018
“Hey, Siri,…”“Alexa,…”“OK Google,..”Digital assistants are ubiquitous. We talk to them (Siri, Alexa, Cortana, etc.). We chat with them (Twitter, Facebook Messenger, Skype, WeChat, etc.). They are in our phones, in our computers, ...
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Tags: AI, Supply Chain, Procurement
The Two Obvious Challenges Of Digital Transformation That Everyone Ignores
Import from medium.com
July 10, 2018
As Heraclitus once said, “the only thing that is constant is change.” Another thing that is equally true today is that digital is playing a central role in pushing organizations and individuals towards change.
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Tags: Digital Transformation
Innovation Isn’t About What You Control, But What You Can Access. The Procurement View.
Import from medium.com
April 09, 2018
Article based on an excellent and inspiring article by Greg Satell - Innovation Isn’t About What You Control, But What You Can Access - When I read the article, I immediately thought about Procurement because Procurement could (yes, could…) play a ...
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Tags: Innovation, Procurement
How to Solve the Big Data Challenge in Procurement?
ProcurementIQ
March 15, 2018
There is an important issue within procurement that needs to be addressed. Too many CPOs and purchasing departments are looking at the future of procurement solely through a technological prism and consider technology as the end—when it is merely the means to an end. It is no surprise, then, that the questions at the top of their list are centered around what technology they should focus on and implement, as if that piece of technology will magically fix all of their problems...
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Tags: AI, Big Data, Procurement
A New Era for Big Data in Procurement: The Convergence of The Internet of Things, Blockchain, and…
Import from medium.com
March 13, 2018
A New Era for Big Data in Procurement: The Convergence of The Internet of Things, Blockchain, and Artificial Intelligence - This is a slightly edited/enhanced version of a 2-part series I wrote in February 2018 ...
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Tags: Blockchain, IoT, Procurement
A leopard, a lizard, and a peacock… Tales of tail spend management.
Import from medium.com
January 15, 2018
Anyone with a little bit of experience in business has heard of the Pareto (or 80/20) “rule.” And this principle drives how organizations are targeting their efforts towards areas that would maximize results. With limited (finite) resources, it is logical to focus ...
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Tags: Procurement
Public vs. Private: Is Procurement Any Different?
Import from medium.com
August 28, 2017
People often compare the public and private sectors, which can lead to heated debates. The aim of these comparisons is to determine which sector is performing better than the other, but most of the arguments rely on generalizations and stereotypes.
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Tags: Procurement
Blockchain: what are the opportunities for Procurement?
Import from medium.com
July 17, 2017
By Bertrand MaltaverneBlockchain is more than just a ledger…To be honest, I haven’t totally figured out all of the details of the inner workings of the blockchain technology. And, I do not think I will ever try to as some of it is very technical. I also do not believe that Procurement professio
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Tags: Blockchain, Procurement
What is the Digital Transformation of Procurement Really About?
Import from medium.com
May 25, 2017
By Bertrand MaltaverneElectronic tools have become stalwarts of modern society, to the point where many are even considered ubiquitous. As a result, it may seem as though digital transformation is old news, and that most (if not all) organizations are already fully digital.According to a recent rep
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Tags: Digital Transformation, Procurement
Cognitive Procurement — What Are the Implications?
Import from medium.com
March 27, 2017
By Bertrand MaltaverneAfter first proving its intelligence by beating humans at various games (Chess in 1996, Jeopardy in 2011, Go in 2016 and again in 2017, and Poker very recently), artificial intelligence (AI) is now “blind to the color of the collar”, be it white or blue. It is making its wa
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Tags: AI, Procurement
Brain Date – Artificial Intelligence and the Future of Procurement
Smart Procurement World
November 24, 2020
Smart Procurement World 2020 in South Africa
Speaking on AI and Procurement:
News no one ever wants to hear! There is a 90% chance that you will be redundant by the end of this decade, unless…
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Tags: AI, Supply Chain, Procurement
BME Symposium 2019 / Making Procurement Smarter with AI!
BME
November 13, 2019
Fast answers, ad hoc reports, and on-demand charts – does that sound too good to be true? Actually it is not at all.: Modern AI applications are already able to make the lives of purchasing teams much easier – and not just for routine tasks. AI offers enormous purchasing potential to make more informed, strategic decisions. AI can unlock capacity, derive new insights, and make them available in real time, depending on when and where they are needed. Yet there are few true success stories. How can companies exploit the potential of AI to transform purchasing in a sustainable way?
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Tags: AI, Digital Transformation, Procurement
12th. Smart Procurement World Conference, Johannesburg, South Africa
Smart Procurement
September 18, 2018
12th Annual Smart Procurement World's theme, "Innovation that Transforms" encouraging and supporting practitioners in demonstrating innovative value of supply chain for economic growth.
My topic: “The procurement guide to Blockchain technology and
how it will change our world.”
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Tags: Blockchain, Procurement, Supply Chain
How to Create a Digital Strategy for Procurement
ProcurementIQ
August 15, 2018
Many organizations are considering the implementation of digital tools to optimize their procurement activities. But for newcomers to the digital procurement scene, the process can seem daunting at first. You probably have questions like:
Where do I start?
How can I create a successful digital strategy that will deliver the benefits we’re looking for?
How do I get buy-in from procurement and organizational management?
How do I avoid the hype and choose technologies that will work for me?
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Tags: Digital Transformation, Procurement, Supply Chain
IV. International Procurement Conference, Istanbul, Oct., 2017
ByPI
October 12, 2017
Europe's and Turkey's Biggest and Most Prestigious Procurement Conference.
Procurement Consultants and Directors of the world's leading companies meet for 4th time with Turkey's Procurement Decision Makers. This year's conference theme is Procurement Transformation - Nothing Will Be The Same.
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Tags: Digital Transformation, Procurement, Supply Chain
Why Procurement Needs a Digital Strategy
ProcurementIQ
July 25, 2018
Procurement departments must acknowledge the importance of the digital revolution, understand why you need a digital strategy and discover how to start the process of creating one for your department.
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Tags: Digital Transformation, Procurement, Supply Chain
Digital Procurement 2017: Just Hype or the New Standard?
Jaggaer / BMÖ
December 05, 2017
The study, “Digital Procurement: Just Hype or the New Standard?,” conducted in cooperation with the BMÖ (Austrian Association for Supply Chain Management, Procurement and Logistics), reveals that 83% of companies are not taking full advantage of digital procurement’s potential even though the majority of these companies already have the necessary technological framework to do so.
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Tags: Digital Transformation, Procurement, Supply Chain
Cognitive Procurement: The Final Frontier
Jaggaer
November 06, 2017
This white paper will give you a head start on exploring one of the most exciting procurement trends: Cognitive Procurement! You’ll learn:
- What Cognitive Procurement is
- How Cognitive Procurement will impact daily Procurement activities and unlock new capabilities
- How AI will help you boost performance, manage risk, make accurate predictions and change the future!
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Tags: AI, Procurement, Supply Chain
Rev Up Your Procurement Value Engine
Jaggaer
April 25, 2016
The Procurement Organization of the Future is Here! Part II.
Procurement must now understand its value and purpose, define its true role in business, and have a clear vision of how to deliver this.
The whitepaper will help readers:
- Gain an insight into the emerging role of Procurement
- Learn how your Procurement department can drive organizational value
- Identify drivers that improve effectiveness, efficiency, and sustainability
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Tags: Digital Transformation, Procurement, Supply Chain
Boost Your Procurement Value Engine
Jaggaer
April 04, 2016
The Procurement Organization of the Future is Here!
Procurement must now understand its value and purpose, define its true role in business, and have a clear vision of how to deliver this.
The whitepaper will help readers:
- Gain an insight into the emerging role of Procurement
- Learn how your Procurement department can drive organizational value
- Identify drivers that improve effectiveness, efficiency, and sustainability
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Tags: Digital Transformation, Procurement, Supply Chain
