Industry Talk: Automating Procurement Negotiations with AI

Join Peter Benda to explore the competent supply chain management and how it has become essential for companies today.

13:00 EST / 18:00 GMT / 19:00 CET

Abstract:

Automation and AI are essential to making companies agile in the supply chain. In this workshop, we will review the evolution of the supply chain, how this has made procurement a “secret power” of corporate agility, how agility drives market valuation, and quantitative measures of agility. Then we’ll look at a real-world example of how technologies like automation and AI are driving agility right now: an AI-enabled automated negotiations platform used in procurement. This platform reduces contracting cycle times and resource requirements, creates transparency, and boosts EBITDA.

About the Speaker:

Peter Benda is a 30 year veteran management consultant specializing in procurement and supply chain strategy. He has led and guided hundreds of procurement negotiations on behalf of global clients, including manufacturing, utilities, mining, and financial services. He currently serves as an advisor to Axtom Technology, a SAAS platform that automates negotiations for procurement. He received his MBA from Wharton, along with an MA in international studies from the Lauder Institute. In the past, he worked with McKinsey, A.T. Kearney, Partners in Performance (Australia), and Capital One, as well as founded/ co-founded several startups. He lives in Glen Allen, Virginia.