Edmund Zagorin
Edmund Zagorin is founder and CEO of Bid Ops Inc., the first company to apply artificial intelligence to vendor negotiations. As a procurement practitioner, Edmund experienced the tedium of pivoting spreadsheets to evaluate vendor bids based on a set of ever-changing qualitative and quantitative criteria, leading him to form the team that created the Bid Ops platform. Edmund frequently meets with groups of F1000 executives to discuss the evolving role of artificial intelligence in spend analysis, vendor audit, bid scoring and across the enterprise procurement stack.
From this author
Quantitative and scientific approaches to cost estimation have existed for decades and are increasingly accessible to procurement teams via technologies that automate data analysis.
In many cases, these new capabilities simply accelerate the manual work that procurement professionals were doing using pivot tables and advanced Excel functions (e.g., show only rows with less than five days lead time) that effectively filter large numbers of line items in seconds.
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To understand long-term transformations in supply chain and procurement technology, supply chain professionals must be able to understand present trends so they can help shape future realities. Experts believe the following predictions are viable hypotheses that we should consider for 2030.
Predicting the Strategic Sourcing Technology Landscape in 2030
1) Increase in Population: In 2030, there will be more people...
Suppliers are mission-critical partners for business success. Unfortunately, too often, an “arm’s length” relationship creates problems that are revealed only after it’s too late.
When suppliers feel conversations only occur after poor performances, the opportunity to have a productive, collaborative conversation may already be over.
That’s why regular conversations with your suppliers are critical. It’s important to ask them questions about...
How did you get into this field – was it purposeful or by accident?
