“Our marketplace has moved from procurement applications installed behind a firewall to where we are now, with Gen AI and agentic AI rewriting the way procurement works”
Richard Porcaro, VP, Global Head of Sourcing & Category Management, Prudential Financial
strengthening the function’ s standing as a strategic enabler.
Supplier management and better risk mitigation in particular are critical in an increasingly complex and uncertain global environment.“ Resilience means having multiple sourcing options and contracts that can adjust when macroeconomic factors shift – supplier relationships are a big part of that,” says Richard.
“ When markets are tight, suppliers prioritise trusted buyers and provide more flexible terms or capacity access, but you have to have the right partners – and the right view of consumption patterns,” he adds.“ With the kind of critical data we now have, we can shape key outcomes in this environment,
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