761: The State of Procure Tech: Testing the Limits of What’s Possible w/ Pierre Mitchell

Art of Procurement

"Procurement organizations that are able to master knowledge around their workflows and categories, and bring that intelligence on demand into their processes and tech, are going to really be able to get that 5x, 10x, 20x kind of performance advantage. It’s a game-changer.” - Pierre Mitchell, Chief Research Officer and Managing Director, Spend Matters

Procurement technology is a fast moving target, and well-known industry analyst Pierre Mitchell is one of a handful of highly experienced people who can provide a nuanced perspective on the evolving landscape of procure tech, both looking back at what’s been accomplished while simultaneously predicting the trends that will drive us into 2025 and beyond.

In this episode, Philip Ideson speaks with Pierre, who is the Chief Research Officer and Managing Director at Spend Matters, about the critical factors impacting the procure tech market, how to avoid data paralysis, the road ahead for procurement and generative AI, and how procurement leaders can wade through a crowded, fragmented, (and still growing!) procure tech landscape.

They also discuss:

• The most important procure tech trends to pay attention to in 2025
• What procurement leaders should look for in an intake and orchestration platform
• The likely outcomes, key developments, and challenges for the procure tech market in 2025

Links:

• Pierre Mitchell on LinkedIn
• Subscribe to This Week in Procurement
• Subscribe to Art of Procurement on YouTube