199: How To Use Data Analytics and AI To Increase Profitability With Smarter Procurement, Featuring Cameron Jagoe of ProcureVue
This week on The Data Stack Show, Eric and John chat with Cameron Jagoe, Co-Founder and CEO of ProcureVue. Cameron discusses his journey from running a bakery, where he used data analytics to tackle profitability issues, to co-founding ProcureVue. He shares insights on optimizing business operations through strategic sourcing and data-driven decision-making. Cameron also highlights his work at Newell Rubbermaid, where he improved profitability through cost-cutting and value engineering. The conversation delves into the technical aspects of ProcureVue, emphasizing its role in driving cost savings and improving procurement processes for businesses, and so much more.
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Show Notes
Highlights from this week’s conversation include:
- Cameron's Background and Journey in Data (1:49)
- Running a Bakery (3:03)
- Applying Analytics to Bakery Operations (7:07)
- Reevaluating Business Operations (18:08)
- Optimizing for Profitability (19:09)
- Working at Newell Rubbermaid (20:11)
- Value Engineering Projects (22:11)
- Starting a Center of Excellence (24:53)
- Productizing the Approach (29:48)
- Tech Stack for Data Analysis (31:40)
- Data Cleaning and Classification (35:16)
- Market Build and Pricing Accuracy (37:13)
- The AI Tool as a Pointy Stick (38:20)
- Sourcing and Sales as Two Sides of the Coin (41:04)
- Challenges with Parsing Data (44:06)
- Personal Journey and Company Success (46:44)
- Final thoughts and takeaways (47:45)
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