The New Wave of Procurement: Leadership and Innovation in Focus
July 27, 2024, 2:43 am
In the bustling world of procurement technology, change is the only constant. Companies are racing to adapt, innovate, and lead. Recent developments at ORO Labs and akirolabs illustrate this dynamic landscape. These firms are not just participants; they are trailblazers. They are reshaping how businesses approach procurement, blending technology with strategic insight.
ORO Labs recently welcomed Emily Rakowski as its Chief Marketing Officer. This move is more than a personnel change; it’s a strategic play. Rakowski brings over 25 years of experience in sourcing and procurement technology. Her past roles at SAP Ariba and EcoVadis showcase her deep understanding of the market. She’s not just filling a position; she’s stepping into a pivotal role at a crucial time.
Rakowski’s mission is clear: to elevate ORO Labs’ global marketing initiatives. She will focus on brand-building, demand generation, and communications. Her expertise will help ORO Labs carve out a unique space in the crowded procurement landscape. The company’s recent achievement—the world’s first accredited ISO/IEC 42001:2023 certification for an Artificial Intelligence Management System—underscores its commitment to innovation and governance. This certification is a badge of honor, reflecting rigorous standards in data privacy and security.
The excitement around Rakowski’s appointment is palpable. ORO Labs co-founder Sudhir Bhojwani describes her as a passionate leader, well-versed in the challenges of digital transformation. This enthusiasm is echoed by co-founder Lalitha Rajagopalan, who emphasizes Rakowski’s ability to create and evangelize new markets. Her track record speaks volumes. She’s not just a marketer; she’s a visionary ready to tackle long-standing procurement challenges.
Meanwhile, across the Atlantic, akirolabs is making waves of its own. The Berlin-based ProcureTech company recently extended its $5 million seed funding with a significant non-dilutive grant. This grant, awarded by Investitionsbank Berlin and the European Regional Development Fund, highlights the company’s innovative edge. It’s a testament to the confidence investors have in akirolabs’ vision for AI-driven procurement transformation.
akirolabs is not just another tech startup. It’s developing a unique product: akiroAssist, a leading expert LLM for strategic procurement. This technology enhances their category management software, positioning the company as a key player in the ProcureTech landscape. The combination of procurement expertise, innovative methodology, and advanced AI capabilities creates a powerful trifecta. It’s akin to the Penrose Triangle—a shape that defies traditional logic, just as akirolabs defies conventional procurement practices.
The funding will accelerate the development of akiroAssist, solidifying akirolabs’ status as an AI-first ProcureTech B2B SaaS company. This strategic investment will enable the company to push the boundaries of what’s possible in procurement. The focus on AI and large language models is not just a trend; it’s a revolution. Companies that harness this technology will lead the charge into the future.
Both ORO Labs and akirolabs are emblematic of a broader shift in the procurement landscape. They are responding to a growing demand for efficiency, transparency, and innovation. As businesses grapple with complex supply chains and digital transformation, the need for advanced procurement solutions has never been greater.
The procurement function is evolving. It’s no longer just about purchasing goods and services. It’s about strategic alignment, data-driven decision-making, and fostering relationships. Companies like ORO Labs and akirolabs are at the forefront of this transformation. They are redefining what procurement means in the digital age.
As these companies continue to innovate, they will inspire others to follow suit. The future of procurement is bright, filled with opportunities for those willing to embrace change. The landscape will be shaped by leaders who understand the nuances of technology and the importance of human connection.
In this new era, procurement is not just a back-office function. It’s a strategic driver of business success. Companies that recognize this will thrive. Those that cling to outdated practices will be left behind.
The journey ahead is filled with challenges and opportunities. As ORO Labs and akirolabs lead the way, they set the stage for a new generation of procurement professionals. The focus will be on collaboration, innovation, and strategic thinking.
In conclusion, the procurement landscape is shifting. Companies like ORO Labs and akirolabs are leading the charge. With visionary leaders at the helm and innovative technologies at their disposal, they are poised to redefine the future of procurement. The wave of change is here. It’s time to ride it.
ORO Labs recently welcomed Emily Rakowski as its Chief Marketing Officer. This move is more than a personnel change; it’s a strategic play. Rakowski brings over 25 years of experience in sourcing and procurement technology. Her past roles at SAP Ariba and EcoVadis showcase her deep understanding of the market. She’s not just filling a position; she’s stepping into a pivotal role at a crucial time.
Rakowski’s mission is clear: to elevate ORO Labs’ global marketing initiatives. She will focus on brand-building, demand generation, and communications. Her expertise will help ORO Labs carve out a unique space in the crowded procurement landscape. The company’s recent achievement—the world’s first accredited ISO/IEC 42001:2023 certification for an Artificial Intelligence Management System—underscores its commitment to innovation and governance. This certification is a badge of honor, reflecting rigorous standards in data privacy and security.
The excitement around Rakowski’s appointment is palpable. ORO Labs co-founder Sudhir Bhojwani describes her as a passionate leader, well-versed in the challenges of digital transformation. This enthusiasm is echoed by co-founder Lalitha Rajagopalan, who emphasizes Rakowski’s ability to create and evangelize new markets. Her track record speaks volumes. She’s not just a marketer; she’s a visionary ready to tackle long-standing procurement challenges.
Meanwhile, across the Atlantic, akirolabs is making waves of its own. The Berlin-based ProcureTech company recently extended its $5 million seed funding with a significant non-dilutive grant. This grant, awarded by Investitionsbank Berlin and the European Regional Development Fund, highlights the company’s innovative edge. It’s a testament to the confidence investors have in akirolabs’ vision for AI-driven procurement transformation.
akirolabs is not just another tech startup. It’s developing a unique product: akiroAssist, a leading expert LLM for strategic procurement. This technology enhances their category management software, positioning the company as a key player in the ProcureTech landscape. The combination of procurement expertise, innovative methodology, and advanced AI capabilities creates a powerful trifecta. It’s akin to the Penrose Triangle—a shape that defies traditional logic, just as akirolabs defies conventional procurement practices.
The funding will accelerate the development of akiroAssist, solidifying akirolabs’ status as an AI-first ProcureTech B2B SaaS company. This strategic investment will enable the company to push the boundaries of what’s possible in procurement. The focus on AI and large language models is not just a trend; it’s a revolution. Companies that harness this technology will lead the charge into the future.
Both ORO Labs and akirolabs are emblematic of a broader shift in the procurement landscape. They are responding to a growing demand for efficiency, transparency, and innovation. As businesses grapple with complex supply chains and digital transformation, the need for advanced procurement solutions has never been greater.
The procurement function is evolving. It’s no longer just about purchasing goods and services. It’s about strategic alignment, data-driven decision-making, and fostering relationships. Companies like ORO Labs and akirolabs are at the forefront of this transformation. They are redefining what procurement means in the digital age.
As these companies continue to innovate, they will inspire others to follow suit. The future of procurement is bright, filled with opportunities for those willing to embrace change. The landscape will be shaped by leaders who understand the nuances of technology and the importance of human connection.
In this new era, procurement is not just a back-office function. It’s a strategic driver of business success. Companies that recognize this will thrive. Those that cling to outdated practices will be left behind.
The journey ahead is filled with challenges and opportunities. As ORO Labs and akirolabs lead the way, they set the stage for a new generation of procurement professionals. The focus will be on collaboration, innovation, and strategic thinking.
In conclusion, the procurement landscape is shifting. Companies like ORO Labs and akirolabs are leading the charge. With visionary leaders at the helm and innovative technologies at their disposal, they are poised to redefine the future of procurement. The wave of change is here. It’s time to ride it.