Procurement Reimagined: Vision for a Tech-Driven Future with James Meads

In this week’s episode, Sagi Eliyahu welcomes James Meads, Founder of Procurement Software. James shares insights on the evolution of procurement technology, the challenges of bureaucracy and the future of AI in procurement.Key Takeaways:(03:10) The evolution of procurement tech: from email and Excel to advanced tools.(03:49) Increased focus on sustainability and compliance over the years.(04:54) Challenges of bureaucracy in procurement and its impact on efficiency.(06:10) Effective use of AI and automation to streamline procurement processes.(07:38) Balancing necessary compliance with operational efficiency.(11:10) The future of procurement: integrating AI and automation effectively.(12:20) The impact of tech on recruitment and retention in procurement roles.(13:45) Addressing the gap between necessary processes and overcomplication.(17:02) The importance of eliminating unnecessary administrative tasks.(18:30) Simplifying processes to enhance team productivity.(19:54) Addressing budget concerns and optimizing resource allocation.Resources mentioned:James Meads - https://www.linkedin.com/in/james-meads/?originalSubdomain=ukProcurement Software | LinkedIn - https://www.linkedin.com/company/procsoft/Procurement Software - https://procurementsoftware.site/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.#Operations #BusinessOperations