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Do the MRO trends of the 2004 Acres of Diamonds paper endure in 2025?

Procurement Insights

In 2004, I wrote a paper called Acres of Diamonds, in which I first introduced the concept of two commodity characteristics: Dynamic Flux and Historic Flatline. This is due to factors such as fragmented procurement, lack of centralized contracts, supply chain disruptions, and rapid adoption of new technologies 3 5.

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The Oldest Procurement Blogs in the Procurement Industry

Procurement Insights

Below are the oldest procurement blogs identified from the web results, ranked by their earliest documented or implied launch date, with details on their content, longevity, and relevance to procurement professionals. Content: Covers procurement technology (e.g., organizational founding, industry presence).

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If AI replaces spreadsheets, what will eventually replace AI for procurement?

Procurement Insights

Spreadsheets became a near-universal tool in business and procurement by the mid-2010s. AI Adoption in Procurement (Red Line): Minimal adoption before 2010. Rapid acceleration from 2020 onward, reaching an estimated 6070% by 2025, as AI becomes a strategic priority for procurement leaders.

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Why is an agent-based model within a metaprise framework better for procurement than an equation-based Intake and orchestration model?

Procurement Insights

MODEL #1 An agent-based model (ABM) within a Metaprise framework offers several advantages over an equation-based intake and orchestration model in procurement: 1. Procurement Insights Equation-Based Models: Expanding these models often requires redefining equations and parameters, making scalability more challenging. Pitt Site 3.

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What are the parallels between Oracle’s acquisition of PeopleSoft and JD Edwards and ProcureTech solution provider’s ORO acquisition of ProcureTech 100?

Procurement Insights

Both acquisitions reflect ambitious moves to consolidate and enhance competitive positioning within their respective domainsenterprise software for Oracle, procurement technology for ORO. Reaction : Too early for full analyst consensus, but the move aligns with 2025s AI procurement trend, suggesting innovation potential.

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Why A 2004 Quote Resonates in 2025

Procurement Insights

Being Quoted In a discussion stream on LinkedIn, Justin Goldston, PhD , shared the following screenshot regarding my post – Can Agentic AI save procurement? I was reminded of this yesterday. As I read the text, it sounded strangely familiar, so I wrote the following reply: Then, It Hit Me! What do you see in the yellow circle?

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Procurement’s “Real” Acres Of Diamonds In 2025

Procurement Insights

” – CPO | Advisor | IIT | NUS | Stanford | Exxonmobil | Chevron | E&Y (February 2025) Based on my research and work between 1998 and 2004, I wrote a paper titled ACRES OF DIAMONDS: The Value of Effectively Managing Low-Dollar, High Transactional Volume Spend. You can access it by clicking on the title page image above.

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