On this week’s episode, host Sagi Eliyahu welcomes Lutz Schirrmeister, Source-to-Pay Innovations and Offerings Leader (IBM Procurement BPO) of IBM.

Lutz discusses major trends in procurement, such as the industry's rapid changes in recent years, the growing strategic value of procurement and the importance of upskilling professionals and adopting new technologies.

Key Takeaways:

(03:17) Procurement has gone through major changes in the past two to three years, with many new startups entering the industry.

(06:24) Beyond just cutting costs, procurement now has strategic value in influencing business areas.

(08:11) The pandemic rapidly changed procurement by making companies depend on it for success.

(13:22) IBM helps other companies transform procurement through consult-to-operate services.

(15:34) Companies want to connect procurement and supply chain as one function.

(16:45) Technology like AI can enhance the procurement journey.

(17:00) Upskilling procurement professionals is key for the future.

Resources Mentioned:

Lutz Schirrmeister - https://www.linkedin.com/in/lutz-schirrmeister-20aa6a3a/

IBM - https://www.ibm.com/us-en

This episode is brought to you by Tonkean.

Tonkean is the operating system for business operations and is the enterprise standard for process orchestration. It provides businesses with the building blocks to orchestrate any process, with no code or change management required. Contact us at tonkean.com to learn how you can build complex business processes. Fast.

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