• #4: Evolving Procurement | AI, strategic partnerships & sustainable growth with Adam Smith (Senior Procurement Director, NetEase)

  • Oct 23 2024
  • Length: 37 mins
  • Podcast

#4: Evolving Procurement | AI, strategic partnerships & sustainable growth with Adam Smith (Senior Procurement Director, NetEase)

  • Summary

  • In this episode of The Efficiency Code, we're joined by Adam Smith. Adam is a seasoned procurement leader with over 15 years of experience helping organizations like Microsoft, Zillow, and NetEase build high-performing procurement functions. He has a deep understanding of modern procurement’s role in streamlining operations, driving cost savings, and delivering value across departments. Currently, he's serving as a senior director of procurement at NetEase, and he focuses on transforming procurement into a strategic business driver by emphasizing simplicity, compliance and value.

    In this conversation, Adam shares his expertise on building sustainable growth through meaningful business engagement and strategic partnerships, offering fresh perspectives on how procurement can become a core enabler of business success. We explore the transformative impact of AI on procurement processes, dive into the complexities of managing SaaS spend, and discuss practical strategies for navigating the challenges of usage-based cloud costs.

    Listen for valuable insights on:

    • Transforming procurement from a siloed operation to an integrated finance function

    • Using AI to enhance procurement efficiency and focus on strategic initiatives

    • Building transparency and trust through effective stakeholder engagement

    • Developing meaningful KPIs that evolve with procurement maturity

    • Strategic approaches to managing SaaS spend and cloud costs

    Whether you're a finance leader looking to optimize your procurement function or a procurement professional aiming to drive more value for your organization, this episode offers practical strategies for elevating procurement's role in driving business success. Join us as we unpack how modern procurement can move beyond traditional cost savings to become a true catalyst for sustainable growth.

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