During the past two decades, procurement is consistently evolving from a clerical back office function to a strategic business function. Procurement organizations are largely globalized to engage with the global supply base. The source-to-pay process is highly integrated in centralized IT and ERP systems. Mature technologies, like cloud, central master data base, or an integrated IT landscape are widely adapted. Emerging technologies, like Artificial Intelligence, Machine Learning, Chatbots or Blockchain are only at a small number of procurement organizations implemented.
When it comes to automating processes, procurement organizations are no slouches. Long ago, chief procurement officers automated administration, payroll processing, material-resource needs calculation, invoice generation, and material flow tracking. The function has, for the most part, eliminated redundant work to dedicate more time toward more strategic activity and transitioned the collaboration to business networks.
Dr. Marcell Vollmer is recognized throughout the industry as a procurement, finance, supply chain and shared services thought leader. He is a strategist and keynote speaker at industry events, author of books and owns a popular blog for disruptive trends in technology. Dr. Vollmer strategized and successfully led global business development, procurement, go to market, sales operations, and enablement; restructuring, improving project efficiency and execution of global programs in finance, sales, human resources and post-merger integrations. Dr. Vollmer's passion lies in defining digital transformation strategy for customers around the globe by delivering high cost savings and implementing new innovations. He holds a Masters Degree in Economics from the University of Hamburg.
The next BriefingsDirect technology innovation thought leadership discussion explores how rapid advances in artificial intelligence (AI) and machine learning are poised to reshape procurement -- like a fast-forwarding to a once-fanciful vision of the future. Whereas George Jetson of the 1960s cartoon portrayed a world of household robots, flying cars, and push-button corporate jobs -- the 2017 procurement landscape has its own impressive retinue of decision bots, automated processes, and data-driven insights. We won't need to wait long for this vision of futuristic business to arrive. As we enter 2017, applied intelligence derived from entirely new data analysis benefits has redefined productivity and provided business leaders with unprecedented tools for managing procurement, supply chains, and continuity risks. To learn more about the future of predictive -- and even proactive -- procurement technologies, please welcome Chris Haydon, Chief Strategy Officer at SAP Ariba. The discussion is moderated by BriefingsDirect's Dana Gardner, Principal Analyst at Interarbor Solutions. Gardner: It seems like only yesterday that we were content to gain a common view of the customer or develop an end-to-end bead on a single business process.
Money saved is money earned. This is true more so today than ever for procurement and supply chain leaders. Increasingly they're expected not just to reduce costs, but also fund innovation and future business growth. Procurement leaders must increase savings - without sacrificing supplier performance and delivery risks. Supply chain leaders need to manage costs, but also ensure continuity and responsiveness of their complex, multi-tier supply chains.