We Live to Build Develop your corporate procurement strategy with Anders Lillevik | WLTB Podcast #132
Anders Lillevik is the founder and CEO of Focal Point, which helps modern enterprises manage their procurement processes. They recently raised $5.5M in seed funding in August 2022.
00:00 - Understanding Procurement and Supply Chain Management
03:33 - Complexities of Procurement and Basic Mistakes to Avoid
06:42 - Structured Procurement Processes
09:54 - Due Diligence in Procurement and International Trade
13:06 - Ensuring the Qualifications and Certifications of Companies
16:06 - The Cost of SOC 2 and ISO Certifications
19:16 - Auditing and Procurement in Business Operations
22:20 - Developing Code: Belt and Suspenders
25:34 - Server Optimization and Seed Money in Startup Growth
28:41 - The Fluctuating Length of B2B Sales Cycles
31:45 - Configurable Procurement Software and the New Wave of Configurable Software
34:47 - Pushing out the Old and Letting the New come in with AI
37:47 - Managing Procurement with AI and Machine Learning
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