Procurement managers don't know how to procure tech Hear me out I dont mean when theres an established category of software and theres 20+ vendors where you need to run a competitive process I mean new tech, solving new problems where you might find 1 vendor Unless you're a large enterprise, it shouldn't take a 3 month RFP For most SME and middle market procurement teams, the top priority when assessing tech should be i) How can i test this fast ii) How can i test this cheap Thats the Y combinator mantra of innovation Testing We've learned a lot about helping procurement teams test Kavida.ai As part of our pilot program we conduct a cross functional flow analysis to build the business case The results dont surprise us anymore. We see the same pattern over and over again 1. Procurement is an upstream function 2. Every other department (finance, warehousing, logistics etc) depend on procurement fulfilling its role 3. Procurement is overwhelmed and there becomes a bottleneck 4. There deep interdepartmental collaboration issues Finance needs invoices and forecasts from procurement Planners need latest ETA of materials from procurement Warehousing needs to plan for inbound from procurement Customer service needs assurance and updates from procurement The cross functional flow analysis shows better procurement visibility and collaboration creates transformative benefits for every other department Being upstream means procurement is often forgotten about. It becomes critical to show management how everyone suffers due to weak procurement capabilities #procurement #supplychainrisk #supplychainmanagement #redsea
Daniel Barnes
8mo
I'm 100% onboard with this approach. I want to get it in my hands and play with it. We need more of this.
Supply chain optimization
8moAnam Rahman Procurement is going face biggest challenge how yo determine all the communication happening between procurement ,customer and logistics partner are not initiated by AI Bot . Vendor registration is also going to face same challenge . We need to develope process where all communication should happen within cloud base application so changes of fake email can be minimized. We need application which can manage procurement basic process , capture all documents , centralize all communications and capture learning which procurement team experience during process