Procurement—as a function—is once again at a dramatic inflection point. As traditional sourcing techniques become increasingly outdated, the meaning of “strategic” has shifted, and best practices must evolve to align with new priorities. Correspondingly, procurement professionals must acquire new competencies to truly enable differentiation for their clients.

Specifically, technology is disrupting both the way that we measure value on what we purchase, and the way that we purchase. Cognitive tools and smart machines are automating many of the tasks traditionally performed by humans, and the “SMAC” technologies of social, mobility, analytics and big data and cloud are redefining the sourcing objectives, activities and skills required of sourcing and procurement professionals.

During this session, we will examine the impact of disruptive technologies and changing business conditions on the procurement marketplace, focusing specifically on the role of sourcing. In addition to outlining predictions regarding the future of the procurement function, Bill will map career strategies for procurement professionals as they navigate a rapidly changing business environment.

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