42. Succeeding With New Solutions w/ Nico Bac, Founder of Digital Procurement Now
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Description
In this episode, we’re joined by Nico Bac – Founder of Digital Procurement Now, former Senior Director at Procter & Gamble, and an expert in Digital Procurement Transformation with over 20 years of experience in Purchasing. Nico joins Sam for a fantastic discussion about digital transformation in Procurement – from building business cases and being bold about new technology needs, to overcoming struggles and succeeding with tech adoption, to closing Procurement’s knowledge gaps with technology, and much more!  (00:38) - Introducing Nico (01:16) - What does Sourcing & Procurement mean to Nico? (02:12) - What is Nico excited about Procurement today?  (03:32) - Nico talks about his 20+ years experience in Procurement at Procter & Gamble (07:25) - Why does Nico think that Technology and Procurement are two different worlds?  (09:18) - Does Nico think that Procurement dares to be bold today?  (11:18) - How can Procurement build better business cases for new technology adoption?  (13:47) - Why are Procurement teams struggling to get the tech that they need and how can they succeed? (17:14) - How does a business formulate their problem statement before going to the ProcureTech market?  (19:10) - Does Procurement have a harder time buying things that they themselves will use?  (21:02) - What do ProcureTech companies need to do better to ensure that businesses adopt their technology?  (25:20) - How does Nico think that Procurement can close their knowledge gap with Technology?  (28:11) - Is there a gap between Procurement’s expectations of technology and hyper-productivity?  (32:55) - What does Nico think are the biggest trends coming to Procurement in the next 5 years? (35:35) - Does Nico believe that best-in-breed solutions will last or ProcureTech will move towards consolidated suites? (38:42) - Nico answers our round of quick-fire questions
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