Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.

“As we stand here at the start of 2025, it's clear that this moment isn't about minor tweaks or incremental gains. It's about embracing fundamental shifts that challenge our long-held assumptions.” - Philip Ideson, Founder and Managing Director of Art of Procurement As we head into 2025, which also marks the 10th anniversary of Art of Procurement, Founder and Managing Director Philip Ideson pauses for his annual look at the state of procurement. This year, he examines five critical trends that are reshaping procurement and redefining their role in the business, including labor trends, the role of AI and automation, the return to stakeholder-led buying, and growing geopolitical and economic uncertainty.  Drawing from hundreds of conversations with procurement leaders and subject matter experts over the last year, Philip explores how procurement teams can best position themselves at what feels like an existential and transformative inflection point for the profession. In this episode, Philip explores: How procurement will have to do more with less in 2025, and the role that AI and automation will play in making that happen The trend toward “invisible procurement” as stakeholders take back control of the purchasing process, aided by technology Why potential tariffs, inflation, and supply disruptions could present significant opportunity for procurement The four most important ways procurement can add value that machines and AI can’t compete with Links: Philip Ideson on LinkedIn Art of Procurement Annual Letters Subscribe to This Week in Procurement Subscribe to Art of Procurement on YouTube  

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.

“I think there is an element of mastering your own destiny, a sense of showing up and being engaged in the conversation about what the change should be and the nature and how you do it.” - Aaron Addicoat, Director at AlixPartners  In a session at Mastermind Live 2024, Kelly Barner spoke with Aaron Addicoat, Director at AlixPartners, to examine the ways procurement can adapt their operating model to achieve business objectives - and do so with the right attitude. Aaron’s passion for procurement and all it encompasses was apparent as he shared his thoughts on: The level of awareness and forethought procurement must invest in adapting and improving their operating models  The ways certain mindsets can enable a more comfortable and efficient relationship with change The importance of making changes that empower the user experience Links: Aaron Addicoat on LinkedIn Watch on demand: Mastermind LIVE 2024 Listen to Deloitte’s 2023 CPO Survey with Aaron Subscribe to This Week in Procurement Subscribe to Art of Procurement on YouTube  

“I think there's this dichotomy of two things that we always have to keep in mind in procurement. We don't want to create friction. We want frictionless procurement. At the same time, we want to be seen as the people who have ideas, who could come up with something that could be innovative and have influence in the business.” - Constantine Limberakis, CEO and Owner of Liberis Consulting LLC In a session at AOP Mastermind Live 2024, Kelly Barner sat down with Constantine Limberakis, CEO and Owner of Liberis Consulting LLC, to discuss the macroeconomic concerns and trends that procurement will certainly need to keep an eye on in the coming year. During the session, Constantine combined his Masters Degree in public and international affairs and more than 20 years in procurement to give his perspective on: How procurement needs to navigate this new inflationary environment with a different mindset  The ways technology offers procurement an opportunity to create influence across the business and support a workforce pivot How de-globilization lets procurement shine, even in the face of changing regulations, as they plan for the future Links: Constantine Limberakis on LinkedIn Watch on demand: Mastermind LIVE 2024 Subscribe to This Week in Procurement Subscribe to Art of Procurement on YouTube  

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.

"Procurement organizations that are able to master knowledge around their workflows and categories, and bring that intelligence on demand into their processes and tech, are going to really be able to get that 5x, 10x, 20x kind of performance advantage. It’s a game-changer.”  - Pierre Mitchell, Chief Research Officer and Managing Director, Spend Matters Procurement technology is a fast moving target, and well-known industry analyst Pierre Mitchell is one of a handful of highly experienced people who can provide a nuanced perspective on the evolving landscape of procure tech, both looking back at what’s been accomplished while simultaneously predicting the trends that will drive us into 2025 and beyond. In this episode, Philip Ideson speaks with Pierre, who is the Chief Research Officer and Managing Director at Spend Matters, about the critical factors impacting the procure tech market, how to avoid data paralysis, the road ahead for procurement and generative AI, and how procurement leaders can wade through a crowded, fragmented, (and still growing!) procure tech landscape.  They also discuss: The most important procure tech trends to pay attention to in 2025 What procurement leaders should look for in an intake and orchestration platform The likely outcomes, key developments, and challenges for the procure tech market in 2025 Links: Pierre Mitchell on LinkedIn Subscribe to This Week in Procurement Subscribe to Art of Procurement on YouTube  

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.

“For procurement, now is the time to raise your hand and sit at the table where your company is deciding on AI use cases, because that is going to transform your trajectory in the industry and the company.” - Mary Purk, Co-Author of "Growing Up: Navigating Generative AI’s Early Years – AI Adoption Report" by AI at Wharton It’s been two years since ChatGPT democratized AI technology access and became the most rapidly downloaded consumer application in history. Since then we’ve seen a steep acceleration of AI-driven innovation, opportunity, and concern.  Just like every other area of the business, procurement has their own unique story about the way AI continues to change the way they function and create value. In this episode, Philip Ideson speaks with Mary Purk, co-author of the recently published AI adoption report “Growing Up: Navigating Generative AI’s Early Years” by AI at Wharton and GBK Collective. The report provides data on AI adoption trends within businesses and across functions and the impact that AI is having and will have in the future.  Mary and Philip discuss: How far procurement has come since ChatGPT’s release in 2022 and where they’re headed in 2025 and beyond Why procurement managers are better positioned than any other role in the business to drive AI transformation in the next 12-18 months The pros and cons of make versus buy when weighing your organization’s approach AI-driven procurement technology The perception of AI’s impact, and what that says about opportunity within procurement to demonstrate their success and secure their future Links: Report: “Growing Up: Navigating Generative AI’s Early Years – AI Adoption Report” by AI at Wharton and GBK Collective Mary Purk on LinkedIn Microsoft AI Learning Hub Hard Fork podcast on Spotify Microsoft Podcasts Co-Intelligence: Living and Working with AI by Ethan Mollick Subscribe to This Week in Procurement Subscribe to Art of Procurement on YouTube

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of events to news or overviews of blog posts that capture our attention.