774: Closing the ‘Inspiration to Action’ Gap w/ Remko Van Hoek

“Procurement is going to make a transformative leap. It may be in a year. It may be in three years. But it’s going to happen. So start experimenting.” – Remko Van Hoek, Full Professor of Practice SCM, Executive Director CSCMP Supply Chain Hall of Fame, hosted by Walton, University of Arkansas ­- Sam M. Walton College of Business

It’s time to make procurement fun again. 

That’s what Remko Van Hoek, Full Professor of Practice SCM, Executive Director CSCMP Supply Chain Hall of Fame, hosted by Walton, University of Arkansas ­- Sam M. Walton College of Business, told Philip Ideson when they sat down together at DPW Amsterdam 2024.

In this episode, Remko shares insights from the 10X Procurement survey he led in conjunction with DPW, and what it reveals about how AI and digital transformation are injecting opportunity, value, and, yes, even fun back into procurement. 

The survey also uncovered a troubling ‘inspiration to action’ gap between procurement’s AI readiness and their ability to successfully execute at the pace required by the rest of the business.

Along with discussing digital transformation pressures, Philip and Remko also explore:

• What 10X growth actually looks like in practice and how procurement can take the idea of exponential growth and turn that into tangible, bottom-line results for the business
• What it means to be “digitally literate” and why focusing only on technology is actually not the right approach to digital transformation
• The fundamentals procurement needs to have in place to 10X their growth and impact in 2025 

Links:

• Remko Van Hoek on LinkedIn
• Listen to “Integrating Blockchain into Procurement” with Remko Van Hoek
• Subscribe to This Week in Procurement
• Subscribe to Art of Procurement on YouTube