Procurement leaders have emerged from the pandemic stronger and smarter thanks to the recent development of next-gen tools such as AI and automation to support strategic goals and build resilient organizations.
To explore this technology in the evolving role of procurement leaders, Sourcing Industry Group (SIG) recently brought together Kate Seagriff, Director of Strategic Sourcing at TripActions, and Aurelie Krau, Travel Consultant at Festive Road, to discuss the topic with SIG President and CEO Dawn Tiura.
The webinar "Building Resilient Procurement Organizations with Travel & Expense Technology" pushed the audience to reexamine whether they have the tools to scale business growth, gain real-time visibility on spend, and show value by driving continuous improvement.
The Evolving Relationship Between Procurement and Technology
As the panelists explained, procurement functions are becoming the cornerstone of organizations as cross-business optimization and efficiencies grow in importance. The role of spend analytics and the procurement function has further shifted against the backdrop of a changing global economy influenced by the fourth industrial revolution, the localization of the value chain, and increasing consumer demands from mass customization and personalization.