WEBVTT

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I think the biggest challenge to the industry right 

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now is to sheer breadth of what they've been asked 

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to do. It is a very different thing 

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today compared to a few years ago 

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that they've been asked to go and deliver to their businesses 

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strategically. So in the past, procurement 

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was a bit of a back office environment. 

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They were looking more around operational cost 

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efficiencies and yet now look at what they're 

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trying to do, they're trying to mitigate risk in the supply 

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chain there, trying to impact upon cybersecurity. 

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They're trying to ensure that environmental and social 

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guidelines are being followed within their supplier base. 

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All of these areas, 

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our areas to procurement are now being asked 

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to try and address within the procurement 

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world, 

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automation for us is really focusing 

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in on the supplier qualification process. 

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At the moment. 

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There's several things we need to check through. We need to 

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check through the suppliers, financials can 

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do it through a series of data collection, 

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some of its automated from third 

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parties, 

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some of it going directly to the engineering 

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teams 

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and it brings back and aggregate into one 

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central repository that we can 

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analyze or we can set automatic 

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evaluation criteria on when 

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we think about how the people 

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in my business that need to procure goods 

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and services. I really want to give 

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them the best and easiest buying 

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experience that they can