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At Horizon Europe 2024, industry leaders, including Miklos Takacs (Swissport), Paolo Ronzi (Nippon Gases), and Hugo Karelse (Rujo Integrations), shared expert insights on evaluating and implementing Source-to-Pay (S2P) solutions. Moderated by Omid Ghamami (Procurement & Supply Chain Management Institute), this discussion covered key considerations for procurement transformation.
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Panellists discussed how organizations should evaluate S2P technology, balancing centralization, compliance, and operational efficiency. Swissport highlighted the challenges of a decentralized procurement model, the importance of standardization, and why simplicity in implementation is key to adoption.
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The conversation also explored event-driven integration as a game-changer for real-time procurement data exchange, helping organizations enhance efficiency and reduce response times from weeks to minutes. The panellists also discussed Gen AIโs role in procurement, particularly in contract negotiations, risk mitigation, and invoice processing.
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The session provided a forward-looking perspective on the future of AI in procurement, emphasizing the rise of predictive analytics, cost optimization in supply chains, and AI-driven process automation.
This discussion is essential for procurement professionals, CPOs, and digital transformation leaders looking to future-proof their procurement strategies.
