Good morning, ProSource reader!
Here are the top stories of the week from the world of procurement.
Procurement Insights
π€ 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.
βοΈ 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.
πΆ 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?
π 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.
π 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.
Youβre Invited
π Achieving Full Visibility: How Ace Hardware Automates Source-to-Pay
By Procurement Leaders β’Β June 29, 2021 β’Β Registration Link
π» 2021 CPO Report - State of Procurement & Solution Priorities
By Keelvar β’Β June 30, 2021 β’Β Registration Link
π Improving Internal Perception of Procurement
By Art of Procurement β’Β June 30, 2021 β’Β Registration Link
π» Procurement Can Move with the Markets: Winning Category Strategies
By SpendHQ β’Β July 21, 2021 β’Β Registration Link
Opportunities
π‘ LafargeHolcimΒ is looking for aΒ Plant Procurement Head
India β’Β Building Materials β’ Full Time
π‘ GSKΒ is looking for aΒ Category Manager - Procurement
Gurgaon, Haryana β’Β Pharma β’ Full Time
π‘ AmazonΒ is looking for aΒ Renewable Energy Procurement Leader
Mumbai, Maharashtra β’Β E-Commerce β’ Full Time
π‘ Baker HughesΒ is looking forΒ a Sourcing Specialist
Gurgaon, Haryana β’Β Oil and Energy β’ Full Time
π‘ Unilever is looking for anΒ Assistant Procurement Manager - Tea
Gurgaon, Haryana β’Β IT and Services β’ Full Time
π‘ California Burrito is looking for aΒ Head - Supply Chain
Bengaluru, Karnataka β’Β Restaurants β’ Full Time
What did you think about this edition? Hit replyβshare your feedback, insights, and opportunities.
Iβm open to discussionsβfeel free to book a slot on my calendar.
Have a great week ahead!
βοΈ
Gaurav Baheti
Founder and CEO, Procol