On March 28, 2023, Suman Sarkar from threesconsulting.com presented at the LATM CPO conference in Mexico City about the potential impact of AI tools on procurement organizations. This video offers insight into how these organizations can prepare and realign their skills accordingly. Though the presentation is focused on procurement, similar changes will also impact other corporate functions such as Legal, Finance, HR and IT. As AI tools are in the early stages of their evolution, these perspectives may evolve over time.

Timestamps:
0:00 - Slide 1: Introduction
1:04 - Slide 2: Two changes impacting procurement
3:29 - Slide 3: Rapid evolution of AI
4:40 - Slide 4: ChatGPT impact on jobs
5:51 - Slide 5: More AI tools are expected
7:01 - Slide 6: AI’s potential impact on Sourcing
9:26 - Slide 7: Demand for customized products and services increasing
10:10 - Slide 8: Procurement of standard products and services decreasing. New skills required.
11:13 - Slide 9: Customers provide relevance, AI tools provide productivity
12:10 - Slide 10: Two ways to become customer focused
16:52 - Slide 11: How to remain relevant in future
17:43 - Slide 11: Books on supply chain and sourcing
18:05 - Slide 12: Contact. Interesting questions from the conference.