How the Procurement Organization Acquired Superpowers

Today’s procurement organization is scarcely recognizable from what it used to be.

You could say that procurement has acquired a set of superpowers, in response to a critical need to address unprecedented risk and volatility in global supply chains, and the arrival of technology that makes it all possible. The reason is a new generation of analytics and business intelligence, enabled by artificial intelligence, machine learning, the internet of things, RFID tagging and other features that are helping to elevate the importance of procurement in the C-suite.

On this episode of The SupplyChainBrain Podcast, Editor-in-Chief of SupplyChainBrain, Bob Bowman trace the transformation of procurement with Mary Ann Fessler, General Manager, Private Sector Sales with Amazon Business. She explains how companies are acquiring real-time visibility into suppliers and shipment details, and equipping themselves with insights into trends and patterns that were previously unseen. We also discuss the changing profile of the modern-day procurement professional.