With the latest ‘hot topic’ in procurement being the application of AI to some of their most tedious work, it would be easy to overlook the fact that what is really being discussed is procurement outsourcing.
Whether procurement is outsourcing work to artificial intelligence or ‘old fashioned’ human intelligence, the evaluation process and preparation to transition are much the same. Procurement must be prepared to identify and communicate the who, what, when, where, and how – not to mention the why.
In this AOP Live session, we welcomed Joe Payne, Senior Vice President of Sourcing and Procurement, and Anthony Mignogna, Vice President of Sales and Solution Engineering, both from Corcentric, to separate perceptions about procurement outsourcing from reality.
They answered live questions about:
Common misperceptions about procurement outsourcing that apply to these decisions, regardless of the intended destination for offloaded work
The connection between procurement outsourcing and frameworks for measuring procurement’s impact
Whether changes in the procurement space over the last few years make it possible to have a new conversation about outsourcing
