Pedro Berrocoso | Opportunities and challenges for generative AI in procurement | Episode #31

In this episode of The Only Constant, Lasse Rindom engages with Pedro Berrocoso, a seasoned expert in procurement and AI, to explore how technology is transforming the procurement landscape. Their conversation covers the practical applications of AI in procurement, addressing common pain points, and discussing how AI can bring true value to businesses. They emphasize the need to strike a balance between automation and human insight, particularly in decision-making processes.Key highlights include: AI’s role in automating repetitive tasks, such as spend analytics and supplier negotiations, allowing procurement teams to focus on strategic, high-value decision-making. The potential of AI to identify hidden contract risks, like unnoticed clauses, enhancing contract management. Challenges companies face with poor data quality and outdated processes that hinder effective AI implementation. The importance of deploying AI where it truly adds value, avoiding its use as a response to market hype. Do you want to know more about Pedro Berrocoso: Pedro is an independent Digital Procurement & Process Automation Advisor, dedicated to helping companies leverage emerging technologies to drive significant process value.With over 25 years of leadership experience, he has successfully led programs focused on Process Excellence, Source-to-Pay, and Intelligent Automation across industries including Pharmaceuticals, Consumer Packaged Goods (CPG), and Industrial sectors.Passionate about staying ahead of the curve, Pedro closely follows technology trends to help companies find the best approach to assess, evolve their digital landscape and enhance their teams Digital Literacy.He is based in the Greater Zurich area, Switzerland with his family, enjoying the collaboration with companies and peers worldwide.