The AI in Business Podcast Guidance for Procurement Leaders in Recovering Supply Chains - with Edmund Zagorin of Arkestro and Len DeCandia of Johnson & Johnson
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Apr 17, 2024 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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Talent Needs in Procurement
- Finding individuals with both data analytics and soft skills is crucial for procurement teams.
- These skills are needed for strategic relationship building and proactive risk management.
Data Quality Challenges
- Data quality issues arise between plant locations and corporate procurement.
- These discrepancies create challenges in spend analysis and demand forecasting.
The Era of Scarcity
- Len DeCandia describes the current business environment as an "era of scarcity."
- This contrasts with a previous "era of abundance" before the pandemic.