6 AI Traps CPOs Should Avoid While Driving Procurement Transformation

There is no doubt that artificial intelligence (AI) is a world-changing technology, comparable to PCs, smartphones, and the internet. And like all these breakthroughs, AI is having an incredible impact on both B2B and B2C operations.

Procurement, like many other business functions, is no exception. AI is reshaping the function in significant ways, and its impact is evident in how often it comes up in conversations with clients. The most frequently asked question is: “How do I implement AI in my business, and how can you help me do that?”

Although the question is important and urgent, it is often asked without considering the current state, functional objectives or the core problem(s) to be solved. If procurement teams don’t fully consider the opportunity, including benefits and challenges, they risk wasting valuable resources, time, and money on misplaced priorities.

To keep AI implementation on the right track, here are six traps to avoid in digital transformation.

Read the full article on Supply & Demand Chain Executive.

As Managing Director–Digital & AI at ProcureAbility, Satyen Pathak manages a dual portfolio of leading our India and Asia growth along with managing Global Solutions and Digital Transformation functions.

He has over 29 years of diverse experience across supply chain and strategic procurement in both business services/consulting and in the manufacturing Industry. Throughout his career, he has managed roles across sales, business development, Six Sigma, and new product development.

Spending the first 12 years of his career in the core manufacturing industry gave Satyen an opportunity to work with supply chains of leading clientele across automotive, rail, and heavy industries. Prior to joining ProcureAbility, he spent 17 years managing Global Transformation roles focused on procurement and supply chain. He has hands-on experience in building innovative digital and services solutions across North America, Europe, and Asia-Pacific in industries such as manufacturing, consumer products, hi-tech, banking and financial services, and insurance.

Satyen holds a bachelor’s degree in mechanical engineering and an MBA in general management. He is also a certified Six-Sigma practitioner. In his free time, he likes to read, solve puzzles, and learn new skills. He is also an avid follower of soccer and loves watching the various European premier leagues, particularly the EPL.

ProcureAbility, a Jabil company, is the leading provider of procurement and supply chain services, offering advisory, managed services, digital, staffing, and recruiting solutions. For 30 years, we have focused exclusively on helping clients elevate their procurement and supply chain functions.

We combine leading methodologies, analytics, market intelligence, and industry benchmarks with our uniquely flexible and customizable service delivery model. Global organizations of all sizes trust ProcureAbility to transform their procurement operations, drive growth, and reimagine what’s possible.

Let ProcureAbility help you reimagine your procurement capabilities.