#132: Why is procurement so important for companies with Anders Lillevik

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Guest

Anders Lillevik

Founder & CEO
Focalpoint
Focal Point helps modern enterprises manage their procurement processes. They recently raised $5.5M in seed funding in August 2022.

Sean has founded multiple companies and done multiple 8 figures worth of business.

He’s currently advising, consulting, and investing in business just like yours.

He knows where you’ve been, and he knows where you’re going.

Book a call with him today to see how he can help you get there smarter, faster, and in a way that aligns with your life goals.

Timestamps

00:00 – Understanding Procurement and Supply Chain Management
03:33 – Complexities of Procurement and Basic Mistakes to Avoid
06:42 – Structured Procurement Processes
09:54 – Due Diligence in Procurement and International Trade
13:06 – Ensuring the Qualifications and Certifications of Companies
16:06 – The Cost of SOC 2 and ISO Certifications
19:16 – Auditing and Procurement in Business Operations
22:20 – Developing Code: Belt and Suspenders
25:34 – Server Optimization and Seed Money in Startup Growth
28:41 – The Fluctuating Length of B2B Sales Cycles
31:45 – Configurable Procurement Software and the New Wave of Configurable Software
34:47 – Pushing out the Old and Letting the New come in with AI
37:47 – Managing Procurement with AI and Machine Learning

Transcript

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