243: Building Your Procurement AI Game Plan w/ Sammeli Sammalkorpi

243: Building Your Procurement AI Game Plan w/ Sammeli Sammalkorpi

Automation can only be as good as we program it to be. If we want innovative, industry-leading support from emerging technologies, we need to be informed about the potential applications of AI and machine learning.

I'm joined today by Sammeli Sammalkorpi, Co-founder of Sievo, in a discussion that was driven by the engaged audience that joined us for February's AOP Live session. We gathered questions in advance and fielded spontaneous ones during the event rather than wading through a conventional slide-driven talk on AI use cases.

One topic everyone kept coming back to was how to know when you are ready for an investment in AI and whether procurement is a good use case.

According to Sammeli, there are an increasing number of examples of how AI and machine learning add value in procurement. They include spend classification, capturing supplier information from public sources, and parsing the key terms from lengthy, complex contract documents. Automation can be implemented as a pilot project or an enterprise-wide effort, and it can improve legacy processes as well as parts of the business that have been deliberately re-worked to leverage the unique advantages of AI.

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Episoder(938)

Ep 03: The Agentic Procurement Diaries: Boring Enough and Safe Enough: When AI Gets the Keys

Ep 03: The Agentic Procurement Diaries: Boring Enough and Safe Enough: When AI Gets the Keys

Dear Diary… "I was watching a lot of smart people, day in and day out, looking across documents, opening folders." Most procurement teams pick AI use cases by asking what the technology can do. Liza T...

14 Okt 25min

887: Sustainable Procurement: Where Policy Meets Practice W/ Nicole Darnall

887: Sustainable Procurement: Where Policy Meets Practice W/ Nicole Darnall

"If you're not thinking about what you inherit through your procurement decisions, then you're not truly serious about managing your climate impacts." - Nicole Darnall, Professor, Arlene R. & Robert P...

12 Okt 34min

EP 018: Provider of the Week: Candex

EP 018: Provider of the Week: Candex

"Everybody's trying to simplify. Everybody's trying to make the process better and the end-user experience for buying better." - Jeremy Lappin, Co-founder and CEO, Candex Are you frustrated by the end...

7 Okt 28min

886: The AI Performance Gap: What Procurement Leaders Are Doing Differently W/ Christopher Sawchuk

886: The AI Performance Gap: What Procurement Leaders Are Doing Differently W/ Christopher Sawchuk

"It has to start with the business outcomes that we want. This becomes an operating model decision. Technology has to support the operating model that we're designing." - Christopher Sawchuk, Principa...

5 Okt 33min

Ep 02: The Agentic Procurement Diaries: The Work-Work Balance: Building an Agentic Supply Chain at SLB W/ Jeffrey Ostrander

Ep 02: The Agentic Procurement Diaries: The Work-Work Balance: Building an Agentic Supply Chain at SLB W/ Jeffrey Ostrander

Dear Diary… "I use AI a lot to help scout out things or pose challenges and see where solutions are being marketed along those lines." Jeffrey Ostrander runs a nearly $5 billion business in one of the...

30 Sep 38min

885: Procurement Should Be a Safe Pair of Hands in a Complex World W/ Frank Mckay

885: Procurement Should Be a Safe Pair of Hands in a Complex World W/ Frank Mckay

"Do we have a supply chain that we are building that is going to allow us to navigate and be agile enough, no matter what the world continues to throw at us?" - Frank Mckay, Chief Supply Chain & Procu...

28 Sep 34min

EP 017: Stop Buying Technology. Start Changing the Operating Model W/ Mason Morgan

EP 017: Stop Buying Technology. Start Changing the Operating Model W/ Mason Morgan

"AI makes the answers cheaper, so the good questions and good judgment really become the coin of the realm." - Mason Morgan, Managing Director, Managing Director at CrossCountry Consulting focusing on...

23 Sep 37min

884: Beyond On-Time Delivery: Measuring Supplier Stability W/ Shayan Farshid

884: Beyond On-Time Delivery: Measuring Supplier Stability W/ Shayan Farshid

"You don't need an advanced platform to begin. You just need consistent definitions, discipline, to look at the data, and a willingness to move beyond the on-time delivery average to make really good ...

21 Sep 24min

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