In this conversation, Daniel is joined by Procurement OG Mark Perera in the run-up to DPW (Digital Procurement World) New York 2025. DPW is the leading tech conference for Procurement. They discuss the rapid evolution of AI in procurement, emphasising the importance of curiosity and adaptability in the face of technological change. They explore the future roles within procurement, the necessity of adopting AI-first operating models, and the shifting landscape of SaaS and AI native companies. The discussion highlights the need for procurement professionals to embrace new technologies and methodologies to remain relevant and effective.

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Takeaways

* AI is evolving rapidly and has significant implications for procurement.

* Curiosity and adaptability are essential for procurement professionals.

* The future of procurement roles will change significantly due to AI.

* An AI-first mindset can transform procurement operations.

* Navigating the tech landscape requires understanding AI native companies.

* The pricing models for AI solutions are shifting from traditional methods.

* Collaboration between humans and AI will enhance procurement functions.

* Procurement must focus on value creation beyond cost savings.

* The integration of AI into existing systems is a complex challenge.

* Building safe environments for AI experimentation is crucial for organizations.

Chapters

00:00 Introduction and Anticipation for DPW

03:09 The AI Revolution in Procurement

06:09 Curiosity and Capability in Procurement

08:56 The Future of Procurement Roles

12:12 AI-First Operating Models

14:53 Navigating AI in Procurement Tech

18:01 The Changing Landscape of SaaS and AI

21:06 The Importance of AI Native Companies

23:47 Conclusion and Future Outlook

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Navigating the Future of Procurement with AI - Mark Perera and Daniel Barnes

Procurement Legends