What is your role and what are your day-to-day responsibilities?
As the CEO and Co-Founder of Suplari, my goal is to hire great people, provide some direction, and then enable my team to build great products and services for our customers.
What is something that you wish more people knew about sourcing and procurement?
I am passionate about enabling people and companies to buy smarter and more strategically. There is a perception that procurement teams are process-only and hard to work with, but I have met wonderful people on procurement teams around the world who are true strategic advisors driving change across the company and in their industries. Sourcing and procurement teams know how to let their hair down too and are some of the most fun out there.
In your opinion, what are 3 skills that sourcing and procurement professionals of tomorrow must have?
- Data analysis
What does the future of sourcing and procurement look like to you?
Procurement must enable the business to be more efficient and serve as a trusted strategic advisor. It must also enable the rest of the business to buy smarter while focusing on the most important sourcing events for the company. Procurement and sourcing will become a true strategic executive function at every company.
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Nikesh (Niki) Parekh is the co-founder and CEO of Suplari, an enterprise software company focused on leveraging advanced analytics and artificial intelligence to help enterprises make better purchasing and financial decisions. Niki was most recently an executive at Internet real estate company Zillow and has also worked in the venture capital, private equity and investment banking industries. Nikesh earned his MBA from Harvard Business School and his BA in Biochemical Sciences from Harvard College.