Arkestro Advisory Council: Logistics

Summary:

Advisory council members discuss the challenges and strategies surrounding logistics in procurement. They explore how effective competitive bidding and the use of AI-driven tools can significantly enhance operational efficiency and cost-effectiveness. The conversation also delves into how adopting new technologies and methodologies in logistics can lead to substantial savings and improved supplier relationships.

3 Key Takeaways:

• Procurement organizations face increasing demands but have limited resources to address these challenges.
• Effective use of technology, especially AI in procurement, can align stakeholders, inform investment decisions, and define success metrics for procurement strategies.
• Building a credible value case for procurement technology investments is crucial for aligning with organizational goals and securing necessary resources.