The Spend Sessions Podcast, Episode 8: 2025 – The Year Procurement Moves Center Stage
Procurement has long talked about the need to earn a 'seat-at-the-table', becoming a key strategic business function that adds value and drives growth as opposed to being a back-office operator. And with AI-driven technology now at the fore, the lever to drive this transformation is available to every procurement leader.
As a procurement and supply chain consultant with more than 20 years experience at Accenture, Cap Gemini, EY and now BDO, Phil Liu is ideally placed to advise on how Fortune 500 and Global 2000 companies can achieve this move quickly and easily.
In conversation with our Chief Revenue Officer Seth Catalli, Phil discusses:
- How procurement is now expected to go way beyond its traditional role of buying services and goods in a timely manner, adding new enterprise value through risk management, compliance, business partnering and much more
- Why data-driven decision making will help the function move from tactical to strategic
- Why AI already has the capability to transform procurement and supply chain operating models
- The steps that procurement leaders should take in 2025 to make this new vision with procurement sitting at the heart of their company a reality
When I speak to procurement leaders and understand their strategic priorities and value drivers, the good news is that with today's AI-powered technology they have an enabler that will nearly always help them achieve these goals."