PROCUREMENT INSIGHTS
46 different industries and the alternative methods organisations take when adopting AI . Teppala believes there is value to be gained from observing how other firms embrace AI and considering how it could be utilised to accelerate their own ventures . “ I believe companies tend to be more open to looking at what ’ s happening in their industry and reacting to it . However , from a procurement angle , you think about the different categories and how they ’ re industry specific .”
Sievo highlights the importance of identifying and achieving world-class performance with its data-focused procurement benchmarks . Interestingly , Teppala compares the process of leveraging the right data to preparing for running a marathon . “ I remember practising for a marathon by myself and not knowing anything about how fast the other people are running ,” he explains . “ When you run a marathon and complete it in five hours , naturally you ’ re happy . However , when
JULY 2019