Good morning, ProSource reader!
Here are the top stories of the week from the world of procurement.
Procurement Insights
🤖 How Vodafone powers costing computation using AI - The initial aim presented in the business case was to save 300 million Euros over 5 years, but the stretched goal was to achieve cost reductions of 1 billion Euros within this 5 year period.
☕️ How AI can determine taste of coffee beans - In 2018, Danish brewer, Carlsburg used AI to map and predict flavors from yeast and other ingredients in beer. IBM developed an AI for McCormick to create better spices. The trend continues.
🕶 How to actually choose procurement technology - the market is saturated with hundreds (over 500) of procurement software providers. How do you even begin to prioritize internal initiatives around tech?
🍃 Multinationals plan to drop 35% of suppliers by 2025 - A report by Standard Chartered polled 400 multinationals worldwide and found firms expected to exclude 35% of current suppliers as they transition away from carbon.
📊 What buyers need to know about procurement KPIs - Managing spends (what you pay) and supply (what you get) is much more than tactical efficiency improvements and short-lived price reduction efforts.
You’re Invited
📜 Achieving Full Visibility: How Ace Hardware Automates Source-to-Pay
By Procurement Leaders • June 29, 2021 • Registration Link
💻 2021 CPO Report - State of Procurement & Solution Priorities
By Keelvar • June 30, 2021 • Registration Link
🏁 Improving Internal Perception of Procurement
By Art of Procurement • June 30, 2021 • Registration Link
💻 Procurement Can Move with the Markets: Winning Category Strategies
By SpendHQ • July 21, 2021 • Registration Link
Opportunities
💡 LafargeHolcim is looking for a Plant Procurement Head
India • Building Materials • Full Time
💡 GSK is looking for a Category Manager - Procurement
Gurgaon, Haryana • Pharma • Full Time
💡 Amazon is looking for a Renewable Energy Procurement Leader
Mumbai, Maharashtra • E-Commerce • Full Time
💡 Baker Hughes is looking for a Sourcing Specialist
Gurgaon, Haryana • Oil and Energy • Full Time
💡 Unilever is looking for an Assistant Procurement Manager - Tea
Gurgaon, Haryana • IT and Services • Full Time
💡 California Burrito is looking for a Head - Supply Chain
Bengaluru, Karnataka • Restaurants • Full Time
What did you think about this edition? Hit reply—share your feedback, insights, and opportunities.
I’m open to discussions—feel free to book a slot on my calendar.
Have a great week ahead!
✌️
Gaurav Baheti
Founder and CEO, Procol