When it comes to blockchain, AI, and algorithms for procurement, “there is nothing new under the sun!”

Posted on March 1, 2024

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In my fall 2004 analyses of a study on the use of web-based applications, I made the following observation:

It is my position that a true centralization of procurement objectives requires a decentralized architecture that is based on the real-world operating attributes of all transactional stakeholders, starting at the local or regional level. In other words, your organization gains control of it’s spend environment by relinquishing centralized functional control in favor of operational efficiencies originating on the front lines.  This is the cornerstone of agent-based modeling.

In 2007, I wrote the following in Part 7 of my Dangerous Supply Chain Myths Series:

In short, a Metaprise is a synchronized versus sequential architecture (private hub) that simultaneously links or incorporates the unique operating attributes of all transactional stakeholders on a real-world, real-time basis. This is a far cry from the “near” real-time capabilities of the much-touted Service Oriented Architecture (SOA), which links disparate systems or processes often referred to as the “loose coupling of services.”

In 2024 – Spydra

Our suite of high-availability APIs and Developer Tools provide a Decentralization-as-a-Service platform to enable businesses and developers to leverage the full potential of Blockchain and the Decentralized Web Infrastructure.

Based on the above, here is my advice: Stop focusing on the technology and start focusing on the solution provider’s ability to understand your CHALLENGES AND PRIORITIES and how they (the provider) can help you to SOLVE your business problems versus technology problems.

By the way, here are the results of solving business problems:

“By August 2003, a full production program was introduced and successfully tested.  (In the test case, a major public sector organization realized a 23% cost of goods savings annually over a period of several years, while simultaneously reducing the number of buyers required to manage the contract to 3 from an original 23.  Delivery performance and product quality also improved dramatically.)”

When it comes to procurement technology, there really is nothing new under the sun.

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Posted in: Commentary