Purvee Kondal
Purvee Kondal is a Senior Director at Globality, helping multinational companies connect with the world’s best service suppliers at the right price for each and every sourcing need.
Purvee is a seasoned executive with more than 15 years of experience leading transformational changes, most notably at organizations such as Johnson & Johnson, Capgemini, General Electric, and Ross Stores. She helps companies identify value and improve efficiencies for Procurement, Sourcing, and Vendor Management functions through collaboration and partnerships.
She was recently nominated for “Transformation Leader of the Year” by the Women in IT Summit & Awards Series. Purvee holds an MBA from the Kellogg School of Management at Northwestern University and a Bachelor of Science in Marketing from San Jose State University.
From this author
Artificial Intelligence and the Pandemic
Artificial Intelligence (AI) defines the 21st century, impacting and driving transformation across every business and industry. With the new norms thrust upon us due to the pandemic, businesses and industries have had to find ways to transform overnight. Previously, it may have taken several years for an organization to make an incremental change or improvement.
In 2020, these same organizations had to pivot within days to weeks...
Cause and Effect of Past Practices
To continue our discussion from Part 1, let's consider the roles of cause and effect on evolving Procurement practices.
Suppose an organization installed a Finance procurement overseer that does not have domain or market knowledge. This overseer will not be well-positioned to lead...
Procurement Sentiment and Observations
During this pandemic, many organizational CEOs and Board members have become aware of and startled by the inefficiencies and bureaucracies in their Procurement organizations. C-suite executives discovered their organizations were in predicaments with deep and broad implications none of us had previously fathomed. Most of us never imagined we’d need to find new suppliers, support, or transition from current ones to...
Given the attention on Bitcoin, the underlying blockchain technology has been brought to the forefront for organizations looking to explore the benefits and feasibility of managing the supply chain. The level of trust, transparency, and efficiency promised by this technology opens the possibility of revolutionizing how we handle transactions.
With the successes of Ethereum and the popularity of...
Historically, for organizations looking to improve their top or bottom line and gain competitive advantage, leveraging technology has always been considered. As we enter the next industrial revolution, Artificial Intelligence (AI) in our future is no exception. The interest and benefits of AI increase significantly across all industries and functions. The rewards continue to be meaningful for any organization looking to gain productivity and competitive advantage using AI.
...
What’s the biggest challenge in IT deal-making?
Understanding ownership of the process, and what role everyone is playing. This must be clear from the outset. Some organizations are not relationship-driven and rely on the top person, relegating the rest of the team to the sideline. This presents problems, because the team is only involved at the last minute, and by then, it’s too late for them to be effective.
Without a sustained focus on internal collaboration,...
Most people in procurement are nowhere near using AI yet. Why not?
Forward-thinking companies are deploying it to create competitive advantages now. According to Gartner, only about 7% of CIOs had AI identified as a priority in 2018, but by 2019, the number jumped to 40%. For Chief Procurement Officers, this number is likely smaller since many don’t realize that bringing AI to procurement can pay big – and fast – dividends, with very little investment. While...