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The AI in Business Podcast

Guidance for Procurement Leaders in Recovering Supply Chains - with Edmund Zagorin of Arkestro and Len DeCandia of Johnson & Johnson

Apr 17, 2024
38:20
Snipd AI
Edmund Zagorin of Arkestro and Len DeCandia of Johnson & Johnson discuss procurement challenges, talent acquisition, data accuracy, and the impact of global geopolitical challenges on supply chains. They emphasize the transformative potential of AI in procurement, predictive maintenance, and the importance of storytelling for AI adoption.
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Podcast summary created with Snipd AI

Quick takeaways

  • Leading procurement teams need individuals skilled in data analytics and soft skills for tactical and strategic thinking.
  • Organizations must invest in procurement systems and talent to adapt to evolving global landscapes.

Deep dives

Challenges in Leading Procurement Teams

Leading procurement teams in 2024 demands a delicate balance of finding skilled individuals proficient in data analytics and soft skills, capable of both tactical and strategic thinking. Procurement leaders face challenges in data quality, especially between plant locations and corporate procurement, leading to duplicate or missing records. Companies are focusing on transformational projects to understand spending on an item level globally, which is crucial for multinationals striving for operational efficiency.

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