LightSource at DPW Amsterdam 2024: Helping Procurement Achieve 10X Growth with AI

The energy at the Beurs van Berlage was palpable, centered around this year's powerful theme: "10X". This wasn't just about incremental improvements; it was a call to think and act ten times bigger, pushing for exponential advances in how we approach procurement.

For those unfamiliar, DPW (Digital Procurement World) serves as a crucial nexus, connecting cutting-edge startups, established technology leaders, forward-thinking enterprises, and strategic investors. It’s the ideal environment to explore the latest advancements and discuss the future of our industry.

LightSource and the 10X Theme: AI and Generative AI Revolutionize Procurement

At the heart of LightSource's presence was a clear message: we provide AI-native solutions that empower procurement teams to move faster, smarter, and with significantly more impact.

We believe that the "10X" theme resonates deeply with our mission to essentially rewrite the rules of sourcing for the better. It’s about recognizing that in today's dynamic business landscape, incremental progress isn't enough. Organizations need to aim for exponential growth and efficiency, and we firmly believe that

AI and generative AI are the key enablers for this transformation in procurement and supply chain

A significant highlight of DPW Amsterdam 2024 was the spotlight on generative AI. The event underscored its immense potential to usher in the next generation of software – a generation that moves beyond simple automation to offer truly revolutionary capabilities.

Our vision at LightSource is to revolutionize procurement by putting truly intelligent, AI-native solutions into the hands of procurement professionals. We're focused on empowering teams, from Chief Procurement Officers strategizing at the highest level to Buyers managing daily transactions, with the tools they need to achieve remarkable results.

We at LightSource are particularly excited about how generative AI can help procurement teams unlock unprecedented levels of efficiency and insight. Imagine the possibilities of AI not just assisting with tasks, but generating new ideas, filling in critical information gaps, and even creating sample scenarios to support strategic decision-making.

This is the kind of "superpower" LightSource aims to deliver.

DPW Amsterdam 2024, held at the historic Beurs van Berlage, provided an invaluable opportunity to connect with fellow innovators, share insights, and learn about the latest trends shaping the future of procurement. For those looking to stay ahead of the curve and explore how AI and generative AI can help their organizations achieve "10X" growth, events like DPW are essential.

Understanding the power of AI in procurement is crucial for professionals in the field, including CPOs, VPs of Digital Transformation, VPs of Supply Chain, Procurement Managers, Global Category Managers, Buyers, Global Sourcing Managers, and even consultants – including the experts from McKinsey that LightSource has in-house.

LightSource is dedicated to helping procurement teams navigate this exciting landscape and achieve exponential improvements in their procurement processes. The company believes that by providing an "OS for Procurement" powered by AI, it can help procurement teams not just buy better and ship better, but achieve truly transformative results.

Procurement professionals are encouraged to explore how LightSource can empower their teams and help them reach their "10X" goals by visiting the company website at www.lightsource.ai to learn more about their AI-native sourcing platform.

Questions this article answers

• What was the main theme of DPW Amsterdam 2024?
• What is LightSource's vision?
• How does LightSource plan to help procurement teams?
• Who are the ideal candidates that can benefit from LightSource?
• What were some of the key takeaways for LightSource at DPW Amsterdam 2024?