In this episode of Executive Edge, host Greg Anderson delves deep into the evolving landscape of procurement technology alongside industry legend Pierre Mitchell, Chief Research Officer at Spend Matters. Pierre shares his extensive experience in the procurement field and provides insights on how AI is revolutionizing the sector. Listeners will explore the myths and realities of AI's role in procurement, particularly the misconception that AI will simply replace traditional SaaS applications and human roles. Instead, Pierre argues for a future where AI enhances SaaS capabilities and human efforts, offering a competitive edge to those who adeptly integrate AI into their practices. The discussion highlights the importance of mastering data management and decision-making processes to unlock the true potential of AI. Pierre also examines current AI applications such as contract management and spend analytics, and stresses the significance of aligning IT and procurement teams to effectively leverage AI technology. Whether you're a CPO evaluating AI strategies for 2025 or simply curious about the intersection of AI and procurement, this episode offers valuable insights from one of the leading voices in procurement technology.