In this episode of Procurement Reimagined, we discuss the transformative impact of AI on procurement with guest Moundir Khenfous, Director of Indirect Procurement at CAE.
We explore the significant opportunities AI presents, such as automating legwork, enhancing supplier relationship management, and enabling procurement professionals to focus on strategic tasks.
The conversation also delves into the essential AI capabilities that procurement teams should adopt, the evolving role of procurement professionals in an AI-driven landscape, and the importance of communication and learning agility. Moundir shares insights on valuable resources and events in the procurement space, emphasising the need for continuous learning and adaptation in a rapidly changing environment.
Key takeaways
- AI can automate time-consuming tasks in procurement.
- Procurement teams should focus on strategic sourcing and category management.
- AI capabilities must align with specific use cases in procurement.
- Upskilling and reskilling are essential for procurement professionals.
- AI will not replace jobs but will change the nature of work.
- Communication mastery is crucial for effective procurement.
- Learning agility is necessary to stay relevant in procurement.
- Networking at community-focused events is valuable for procurement professionals.
- Every problem presents an opportunity for innovation.
- Building strong supplier relationships is key to procurement success.
Key Quotes
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