Analytics and AI are revolutionizing procurement, but many CPOs feel unprepared for this data-driven shift. Discover how better data can transform your business sourcing strategies, supplier management and potentially unlock up to 200% more value creation initiatives across your sourcing life cycle. ➡️ https://mck.co/3W6qzH2
Rohen R Murari
3mo
McKinsey & Company, This post on revolutionizing procurement through analytics and AI is truly eye-opening! It's clear that leveraging data can completely transform how businesses manage suppliers and source materials. The potential to unlock up to 200% more value across the sourcing life cycle is not just promising but crucial for staying competitive in today's market. For CPOs feeling unprepared, this serves as a motivational call to embrace these advancements and integrate them into their strategies. It's exciting to see how technology is reshaping traditional practices, making procurement smarter and more efficient. This isn't just about numbers; it's about empowering teams to make better decisions that drive real, tangible growth.
Natalie Kassen
3mo
Exciting times ahead for procurement!
enevna
3mo
👍
Ayush Jain
3mo
Much appreciated. Exciting times ahead!
Peter Andersson
3mo
Suzanne Palm intressant!
The rise of analytics and AI in procurement is a game-changer! Programs like Tree of Life's Employee Vitality and Cancer Defense leverage data to optimize health outcomes at every phase - from diagnosis and treatment to survivorship and preventative care. By integrating these insights, employers can enhance the quality of life for their teams, driving both well-being and productivity. Kudos to McKinsey & Company for highlighting this transformative shift! #Procurement #AI #EmployeeWellbeing #CancerSupport #DataDrivenCare