133 episodes

Procurement software, or "Procuretech", is a game changer. A key enabler and driver of rapid change in the profession. Want to find out how to significantly improve your operational efficiency and enable more to be done with fewer resources?

This show is for Procurement, Purchasing, Supply Chain and Finance professionals, as well as C-Suite executives. We showcase all the best new software and bring you the latest trends and thought leadership from both myself and other industry leaders. We'll show you how technology can drive a competitive advantage.

Show notes and further info available at:
https://procurementsoftware.site/podcast

Follow us on LinkedIn
https://www.linkedin.com/company/procsoft

Connect with me at:
https://linkedin.com/in/james-meads/

Book an intro call here:
https://calendly.com/jamesmeads/30-minute-intro-call

The Procurement Software Podcast James Meads

    • Business
    • 5.0 • 10 Ratings

Procurement software, or "Procuretech", is a game changer. A key enabler and driver of rapid change in the profession. Want to find out how to significantly improve your operational efficiency and enable more to be done with fewer resources?

This show is for Procurement, Purchasing, Supply Chain and Finance professionals, as well as C-Suite executives. We showcase all the best new software and bring you the latest trends and thought leadership from both myself and other industry leaders. We'll show you how technology can drive a competitive advantage.

Show notes and further info available at:
https://procurementsoftware.site/podcast

Follow us on LinkedIn
https://www.linkedin.com/company/procsoft

Connect with me at:
https://linkedin.com/in/james-meads/

Book an intro call here:
https://calendly.com/jamesmeads/30-minute-intro-call

    How to Transition to a Role in Procuretech – Andrew Daley from EdburyDaley

    How to Transition to a Role in Procuretech – Andrew Daley from EdburyDaley

    In this episode of the Procurement Software Podcast, we welcome back Andrew Daly, a partner at specialist recruitment firm Edbury Daley.

    Andrew previously joined us on Episode 11 back in May to discuss digital skills. Today, we delve into how procurement professionals can transition into careers in procurement technology.

    Many procurement pros feel burnt out. So, let's explore how you can leverage your skills in a less stressful, and probably more rewarding role within the procurement tech space.

    Andrew emphasises the importance of educating oneself about digital tools and becoming a "super user" to stand out to potential employers. He also highlights the value of transferable skills such as relationship management, commercial acumen, and an entrepreneurial mindset.

    We discuss the types of roles that might suit different personality traits, from customer success and sales to product management and implementation. Andrew notes that while younger professionals in their late 20s to early 30s might find it easier to make this transition, mindset and adaptability are crucial at any age.

    We also touch on the potential risks and rewards of joining a startup versus a more established company. Andrew advises doing thorough due diligence on any prospective employer, especially in terms of leadership credibility and company culture.



    Episode Timestamps
    div data-type="rootblock" data-pm-slice="2 2 ["aiblock",{"prompt":"","preview":false,"block":{"id":"blk_01J2DY1M3DT0P898MKV75XHZ7X","status":"executing","type":"prompt","selected_variation":0,"variations":[],"configuration":{"id":"blk_cfg_01HJ2RWW678KVNYCW18AY9FM8S","type":"prompt","name":"Summary","description":null,"markdown_value":null,"prompt_value":"Write a summary for this podcast episode from the perspective of the podcast...

    • 26 min
    No Code Procurement – Does it make sense to make vs. buy?

    No Code Procurement – Does it make sense to make vs. buy?

    This week on The Procurement Software Podcast, host James Meads dives into the world of no-code procurement tools and generative AI.

    James explores how these technologies enable teams to build custom applications and streamline processes without coding expertise.

    Tune in to discover how no-code and AI technologies are transforming procurement, making simple and easy-to-use solutions accessible, especially to smaller and medium-sized organisations.
    No Code Procurement: Is Make vs. Buy back on the table?
    In this episode, James explores the rise of no-code procurement tools, enabling teams to create custom applications like savings trackers, performance management systems, contract repositories and vendor onboarding platforms without coding.

    He highlights how tools like Airtable and Jotform enhance productivity through automation and digitalisation.

    James also discusses the impact of generative AI and models like ChatGPT and Gemini, which provide advanced functionalities such as contract summarisation and clause extraction, previously accessible only through expensive software. These technologies allow small teams to efficiently manage procurement tasks.

    By leveraging no-code tools and AI, procurement professionals can quickly develop solutions, track progress, and centralise resources, driving innovation and strategic goals. Tune in to discover how these technologies are transforming procurement, making advanced capabilities accessible to all organisations.

    The question for you is this: could you now build your own apps now to get proof of concept, before asking Finance for a bigger procurement tech budget?
    Timestamps:
    [00:01:00] - No Code Procurement
    [00:01:31] - The Evolution of Procurement Technology
    [00:02:04] - The Rise of No Code Movement
    [00:03:08] - Example: Procurement Software Database
    [00:05:07] - Impact of Generative AI on Procurement
    [00:06:32] - Seven Use Cases for No Code Tools in Procurement
    [00:06:43] - Use Case 1: Savings and Performance Management
    [00:07:58] - Use Case 2: Project Collaboration Tool
    [00:09:02] - Use Case 3: Vendor Onboarding
    [00:10:27] - Use Case 4: Simple Intake Requirements
    [00:12:00] - Use Case 5: Contracts Repository
    [00:13:35] - Use Case 6: Contract Collaboration Tool
    [00:14:49] - Use Case 7: Procurement Learning and Resource Hub
    [00:15:55] - Benefits of No Code Tools in Procurement
    [00:16:39] - Call to Action and Conclusion

    And that wraps up another episode of The Procurement Software Podcast!

    Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!

    We'll be back at the same time next week, so see you there.

    If you want to learn more about Procurement Software, check out the useful links below.

     
    Stay in touch!

    Sign up for the Procurement Software Newsletter
    Book an Intro Call and let’s talk all things Digital Procurement!
    Connect with James on LinkedIn
    Follow Procurement Software’s LinkedIn Page

    • 18 min
    How to get ROI on Digital Transformation – Oliver Jones from Procure4

    How to get ROI on Digital Transformation – Oliver Jones from Procure4

    This week on The Procurement Software Podcast, host James Meads brings on guest Oliver Jones from Procure4, a UK-based procurement consultancy known for their focus on the mid-market and being solution agnostic.

    Oliver shares insights and tips for effective procurement tech implementation, offering a unique perspective on the process.

    Tune in to gain valuable knowledge on driving successful technology adoption in procurement.
    How to get ROI on digital procurement transformation
    In this episode, Oliver underscores the importance of communication and managing expectations during procurement technology implementation. He emphasises clear initial communication about the necessity for automation to improve supply performance, transparency, and visibility, aiding smoother stakeholder onboarding.

    Oliver advocates for a phased, wave-based approach, promoting agility and continuous improvement through feedback. He highlights the need for diverse training formats like quick reference guides, drop-in sessions, and interactive workshops to boost user adoption.

    Proper data management, including data cleansing and taxonomy creation, ensures accurate reporting and informed decision-making. The hypercare phase involves live usage, immediate assistance, and ongoing support, fostering continuous learning and proficiency. Establishing governance structures and appointing super users enhances this process.

    Overall, the episode highlights key strategies for effective procurement technology implementation, driving long-term value and stakeholder buy-in.
    Timestamps:
    [00:01:54] Procure4's Approach and Market Perspective
    [00:05:26] Defining ROI in procurement tech.
    [00:08:33] Building stakeholder relationships for success.
    [00:11:58] Lazy approach to technology implementation.
    [00:14:20] Commercial illiteracy in procurement.
    [00:19:50] Potential banana skins during implementation.
    [00:23:44] Data's role in process improvement.
    [00:26:13] Ensuring good post-implementation practices.
    [00:27:37] Utilising hypercare for software launch.
    [00:32:09] Favourite guilty pleasure.

    And that wraps up another episode of The Procurement Software Podcast!

    Thanks to Oliver for sharing his insights with us today, and thank you again for listening. We'll be back at the same time next week, so see you there.

    If you want to learn more about Oliver, Procure4, or Procurement Software, check out the useful links below.
    Stay in touch!

    Connect with Oliver Jones on LinkedIn
    Check out Procure4
    Sign up for the Procurement Software Newsletter
    Book an Intro Call and let’s talk all things Digital Procurement!
    Connect with James on LinkedIn
    Follow Procurement Software’s LinkedIn Page

    • 33 min
    The 25 Hottest European Procurement Tech Startups

    The 25 Hottest European Procurement Tech Startups

    On this episode of The Procurement Software Podcast, host James Meads dives into the world of procurement tech startups. With over 440 solutions in our software directory over at app.procurementsoftware.site, we aim to educate procurement leaders on the vast array of software options available to them.

    There's so much more out there than just the tired, legacy technology that seems to sponsor all of the conferences.

    Highlighting 25 innovative European-based procurement startups, the episode provides valuable insights into emerging players who don't necessarily have the marketing presence and events budget of larger companies.

    Tune in to discover how these startups are shaping the future of digital procurement.
    The 25 Hottest European Procurement Tech Startups
    In this episode, we spotlight 25 of the hottest European procurement tech startups.

    We explore:

    Apadua offers AI-powered sourcing solutions for professional services.
    SpendKey simplifies spend analytics and contract data extraction with advanced machine learning capabilities.
    Weproc is a SaaS eProcurement platform for SMEs, focused on user experience.
    Mithra AI provides cognitive spend intelligence for mid-market businesses.
    SpareTech delivers spare parts and MRO procurement management.
    Thinking Machine automates telecoms procurement using machine learning.
    TrueLedger manages real-time contract evaluation and management for professional services.
    PivotApp is a cloud-based platform for procurement intake and spend management targeting growing tech companies and mid-market businesses.
    DigiProc automates supplier negotiations for tactical and tail spend.
    Alpas AI offers AI-driven supplier discovery and sourcing.
    Canopy provides comprehensive vendor master data management.
    Carbmee helps reduce carbon footprint through emissions analytics.
    Daato consolidates ESG compliance and sustainability reporting.
    MySupply offers AI-driven tactical sourcing and negotiation.
    Lhotse automates procurement with MS Teams integration.
    Vertice optimises SaaS procurement and cloud costs.
    ivoflow provides AI-powered analytics for procurement in manufacturing businesses.
    Supplios manages supplier relationships for direct spend.
    Ctrl+s delivers sustainability and carbon tracking solutions for supply chain emissions.
    Deployed simplifies drafting and managing statements of work.
    Flowlity offers operations planning and inventory management.
    forestreet delivers AI-powered market intelligence and vendor discovery.
    ProcurementFlow provides no-code software for stakeholder collaboration.
    akirolabs enables enterprise-wide category strategy collaboration with AI-driven insights.
    Contingent assesses supplier risk and builds supply chain resilience.


    And that wraps up another episode of The Procurement Software Podcast!

    Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!

    We'll be back at the same time next week, so see you there.

    If you want to learn more about Procurement Software, check out the useful links below.

     
    Stay in touch!

    Sign up for the Procurement Software Newsletter
    Book an Intro Call and let’s talk all things Digital Procurement!
    Connect with James on LinkedIn
    a href="https://www.linkedin.com/company/37782359/" target="_blank"...

    • 38 min
    The 25 Hottest American Procurement Tech Startups

    The 25 Hottest American Procurement Tech Startups

    On this episode of The Procurement Software Podcast, host James Meads dives into the world of procurement tech startups. With over 440 solutions in our software directory over at app.procurementsoftware.site, we aim to educate procurement leaders on the vast array of software options available to them.

    There's so much more out there than just clunky, legacy technology.

    Highlighting 25 innovative US-based procurement startups, the episode provides valuable insights into emerging players who don't necessarily have the marketing presence and events budget of larger companies.

    Tune in to discover how these startups are shaping the future of digital procurement.
    The 25 Hottest American Procurement Tech Startups
    In this episode, we spotlight 25 of the hottest American procurement tech startups.

    We explore

    Focal Point offers intake, project management and procurement performance;
    Lavenir AI offers ongoing, virtual negotiation training practice;
    Raindrop is a complete spend management suite built on modern technology;
    FRDM focuses on supply chain risk management;
    LUPR leverages Salesforce data for SRM.
    Part Analytics looks at direct materials and purchased parts for manufacturing businesses;
    Ravacan enhances planning and inventory for manufacturing firms;
    Requis specialises in capital equipment procurement and asset disposal;
    Levelpath is an early stage startup simplifying procurement intake;
    Altana uses AI for global trade solutions;
    Graphite Systems looks at intake;
    LightSource innovates in offering a user-friendly sourcing platform;
    Opstream AI improves procurement intake and supplier discovery;
    Varisource focuses on IT sourcing;
    Planergy is a P2P solution for mid-sized businesses
    Scalewith targets ESG and sustainability;
    SaaSrooms manages SaaS spend;
    Zapro offers comprehensive, affordable P2P for SMEs;
    Zumen offers Source-to-Pay solutions for direct materials
    e2Log looks at logistics procurement.
    Control Hub offers comprehensive P2P and inventory management to mid-market
    Lightyear focuses on telecoms spend
    Leverage provides supply chain visibility
    OpenEnvoy niches down on accounts payable
    WorkSuite, last but not least, is a freelancer workforce management platform.


    And that wraps up another episode of The Procurement Software Podcast!

    Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!

    We'll be back at the same time next week, so see you there.

    If you want to learn more about Procurement Software, check out the useful links below.

     
    Stay in touch!

    Sign up for the Procurement Software Newsletter
    Book an Intro Call and let’s talk all things Digital Procurement!
    Connect with James on LinkedIn
    Follow Procurement Software’s LinkedIn Page

    • 27 min
    Is your procurement software the problem, or is it your organisation?

    Is your procurement software the problem, or is it your organisation?

    This week on The Procurement Software Podcast, host James Meads explores the challenges faced by organisations in adopting and utilising new software technologies.

    James discusses an interesting article from The Guardian titled "Your Office Software Is Not the Problem, You Are," highlighting tensions around software usability and adaptability within large organisations.

    Tune in as we explore these conflicting perspectives and provide insights on how both software providers and organisations can foster better software adoption and usability.
    Is your procurement software the problem, or is it your organisation?
    In this episode, we discuss the critical role of user experience and ease of implementation in the success of procurement software solutions. Poor user experience, marked by clunky interfaces and difficult navigation, can hinder adoption and lead to implementation failures. Software companies must prioritise creating intuitive platforms.

    Additionally, the episode emphasises the importance of seamless implementation processes. Complex and lengthy setups deter user engagement. Effective software should be user-friendly from the start and require minimal training.

    We also highlight the necessity of robust communication, training, and onboarding strategies. Engaging users through various formats, explaining the benefits, and providing bite-sized training materials can significantly enhance adoption rates.

    Leaders play a crucial role by securing resources and advocating for budget allocation to support these initiatives. Prioritising these aspects can lead to a successful digital transformation within organisations.
    Timestamps:
    [00:01:52] Office software usability debate.
    [00:06:10] User-friendly software platforms.
    [00:12:15] Effective software training methods.
    [00:14:10] Digital transformation and procurement software.
    [00:17:28] Software implementation challenges.

    And that wraps up another episode of The Procurement Software Podcast!

    Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!

    We'll be back at the same time next week, so see you there.

    If you want to learn more about Procurement Software, check out the useful links below.
    Stay in touch!

    Sign up for the Procurement Software Newsletter
    Book an Intro Call and let’s talk all things Digital Procurement!
    Connect with James on LinkedIn
    Follow Procurement Software’s LinkedIn Page

    • 20 min

Customer Reviews

5.0 out of 5
10 Ratings

10 Ratings

A.Zarro ,

Procurement enhancement

James explores very well with subject matter experts how procurement enhancement can be obtained using technology and he is doing this while keeping all interviews light and fresh

Brit In Germany ,

Great insights into different digital solutions in the space

This is for any procurement professional or finance leader who is struggling to understand all of the different digital solutions out there to provide more transparency of, and automation for the procurement function. If you need some background on the different vendors and solutions, as well as pros and cons to various different approaches, this podcast is a plain-English, easily digestible way to achieve this.

Barnesy_ ,

Awesome information and a great host

James has made a special podcast here full of informative content around procurement tech and procurement best practice.

Top Podcasts In Business

The Diary Of A CEO with Steven Bartlett
DOAC
The Martin Lewis Podcast
BBC Radio 5 Live
A Book with Legs
Smead Capital Management
Making Money
Kindling Media
Working Hard, Hardly Working
Grace Beverley
More or Less: Behind the Stats
BBC Radio 4

You Might Also Like

Art of Procurement
Philip Ideson
Lenny's Podcast: Product | Growth | Career
Lenny Rachitsky
Coaching for Leaders
Dave Stachowiak
The Procurement Conversation
Rich Sains
Freakonomics Radio
Freakonomics Radio + Stitcher
Think Fast, Talk Smart: Communication Techniques
Stanford GSB