The Future of Procurement: Real-Time Supply Chain Intelligence

Every product a company ships depends on thousands of tiny decisions happening deep inside the supply chain. But most organizations are still making those decisions using stale spreadsheets, fragmented systems, and guesswork. In this episode, we explore how AI-driven procurement intelligence is changing the game – moving teams from reactive firefighting to proactive supply chain planning. Our guest today is Shardul Shah, cofounder of VeritosAI. He breaks down the hidden risks inside modern supply networks, why so many companies still lack real-time component and supplier visibility, and how better data can prevent shortages, backorders, and costly redesigns before they happen. We discuss: Why most organizations still rely on Excel for procurement decisions The real reason supply chain disruptions keep catching teams off guard How AI and real-time data can alert teams to risks ahead of time The growing need for operational visibility across engineering, finance, and sourcing How procurement becomes a strategic advantage, not just a cost center If you’re responsible for building products, managing vendors, scaling hardware, or supporting manufacturing operations, this conversation will change how you think about supply chain intelligence and the future of procurement. Key Moments: 0:00 Who Shardul Is & Why This Matters 2:10 The Problem That Sparked VeritosAI 6:06 Why Procurement Visibility Is Broken 15:55 How VeritosAI Works (High-Level Overview) 19:40 Why Supply Chain Is So Hard to Manage 22:30 Identifying Alternative Parts & Replacements 26:43 Real Example: The Power of Component Visibility 29:00 The Role of AI in Modern Procurement 35:15 The Current State of Procurement (And Its Challenges) 38:50 The Biggest Skill Gap in Procurement: Understanding Cost 46:00 The Disconnect Between Engineering & Procurement 50:40 The Future: AI-Powered Procurement Command Centers -- This episode of IT Visionaries is brought to you by Meter - the company building better networks. Businesses today are frustrated with outdated providers, rigid pricing, and fragmented tools. Meter changes that with a single integrated solution that covers everything wired, wireless, and even cellular networking. They design the hardware, write the firmware, build the software, and manage it all so your team doesn't have to. That means you get fast, secure, and scalable connectivity without the complexity of juggling multiple providers. Thanks to meter for sponsoring. Go to meter.com/itv to book a demo. --- IT Visionaries is made by the team at Mission.org. Learn more about our media studio and network of podcasts at mission.org. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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The Future of Procurement: Real-Time Supply Chain Intelligence is an episode from IT Visionaries by Mission.

This episode is 00:53:20 long.

This episode was published on Oct 31, 2025.

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