At Spend Matters, it’s as important for us to get to know the requirements and opinions of the procurement community of practitioners as it is for us to understand the world of tech solutions and their providers. So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week. We use solution provider and practitioner intelligence, alongside our first-hand knowledge from endless demos within the tech industry (culminating in our Vendor Analyses) to steer our research and analysis which informs the best decisions of the best decision makers.
PSI is a good place not only to hear from but to meet the innovators in this space, not just the developers and service providers but the people who interact with them.
For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had (if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts).
Introduction to the day
We didn’t attend the opening panel session hosted by Rachel Repper, Principal Consultant, Amazon Business – Unlocking Value: Technology Transformation for Procurement Teams – but we heard it was well attended and focused on what turned out to be some recurring themes of the day:
- AI — you need to get educated and acquire skills
- Talent/skills — procurement tech talent pool is small; we are at a real intersection of where procurement meets technology
- Know your supplier — data: get comfortable with it, use its insights, get stakeholder opinion …
… all sewn together with a thread of sustainability.
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