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AI in procurement – The machine/human paradox

Spend Matters is gauging the level of interest in, and infiltration of, AI and GenAI in the practical lives of the procurement function today with some real-life use cases and opinions from senior procurement and supply chain practitioners. Not only will this steer our research in more industry-relevant ways but will bring genuine first-hand insights to like-minded procurement professionals. We spoke recently with David Schultz, VP, Chief Supply Chain Executive at Westfall Technik Inc.
Steven Schwarzman David Schultz Pierre Mitchell Westfall Technik Massachusetts Institute Of Technology Chain Executive At Westfall Technik Inc

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The difference between traditional AI and GenAI in S2P

AI existed for a long time before generative AI (GenAI) emerged. It enabled organizations to tackle more complex scenarios, and its current use cases are making processes much more impactful while augmenting human knowledge and capability. It basically multiplies efficiency through higher process automation. The traditional use cases of AI in procurement include: automated sourcing events for non-strategic, lower-risk events, including suggestion of award scenarios and choice of supplier; optimi...
Pierre Mitchell Bertrand Maltaverne Spend Matters Product Marketing Category Management Use Cases

Coupa on driving meaningful ESG impact

The term ‘ESG’ can mean a lot of things to different stakeholders such as regulators, customers, investors, employees and functional leaders - including procurement. ‘Environment,’ ‘society’ and ‘governance’ can be such broad, overwhelming concepts that the details of what each goal means in terms of an organization’s strategy and process can get lost in translation. There’s an additional challenge for procurement organizations that seek to extend these varying ESG objectives...
South Africa United Kingdom Jason Busch Rfps Coupa Donna Wilczek Pierre Mitchell

SAP Spend Connect – See the bigger picture

SAP held its annual Spend Connect conference (previously known as SAP Ariba Live) in Vienna, Austria from October 9 to 11, where they graciously hosted the Spend Matters team to get the latest on product announcements and catch up with clients and SAP executives (you can catch the “best of” follow-up here). The event illuminated both the firm’s strategic intents and tactical efforts (e.g., GenAI). We’ll cover the announcements made at the event and publish some follow-on insights to addr...
Muhammad Alam Pierre Mitchell Christian Klein Ai Business Services Business Technology Platform Business Network Supplier Portal

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