At DPW 2023 in Amsterdam, Michael DeWitt, Vice President of Indirect Spend Management and Center of Excellence for Walmart International, shared the global retailer’s vision on the future of procurement. Michael’s keynote emphasizes the transformative impact of AI implementation and how Cirtuo’s solutions drive tangible business impact for Walmart. 

Is procurement ready for AI?

Walmart International was an early adopter of AI technologies. In his keynote presentation at DPW 2023 in Amsterdam last October, Michael discusses Walmart’s recent successes with the audience. He also shares insights into how AI might impact their organizational structure, talent, and future opportunities. 

About the speaker

Michael DeWitt

VP Strategic Sourcing and Center of Excellence

Walmart International

Location: United States
Industry: Retail

Michael is recognized as a Procurement disrupter utilizing leading-edge Ai technologies to drive digital transformation and implement award winning, industry recognized, best practice programs in strategic sourcing. Michael is currently the Head of Strategic Sourcing for Walmart International.

Redefine your Category Strategy Process today

Related articles

Travis Johnson, Sr. Director, ISM Procurement & Technology Enablement at Walmart International reflected on Walmart’s partnership with Cirtuo. He provided examples of his colleague reducing the time required for creating category strategies from 60 hours down to 30 hours and eventually 8-12 hours by using Cirtuo, which led to a discussion around the ROI of Category Management and the cost of doing nothing.

Recent posts

Demonstrating tangible business value by implementing actionable category strategies

Too often, category strategies end up in drawers. They don’t get implemented, or struggle with low adoption. Reasons range from low stakeholder involvement or buy-in to limited practical applicability under given market conditions or simply botched implementations. With disjointed project planning, task management, and value-tracking activities, bringing the carefully created strategy to life is not a given. In the end, a strategy not implemented is a wasted strategy.

Winning over stakeholders: achieving strategic alignment in Procurement

In the webinar “Winning over stakeholders: Achieving strategic business alignment in Procurement”, Michael DeWitt, VP Indirect Spend Management & Center of Excellence at Walmart International, Sam de Frates, VP Procurement EMEAA at Mars, and Drasko Jelavic, CEO of Cirtuo, discussed with Fabian Lampe, Founder of Advance Procurement, the importance of engaging stakeholders, aligning Procurement with their objectives, and translating the objectives into actionable category, supplier, and negotiation strategies.

developing holistic category strategies

Understanding the supply market is imperative for developing holistic category strategies

Category strategies help Procurement align business requirements with market realities to leverage market opportunities, mitigate risks, and increase supply chain resilience. The methodical approach for building category strategies aims to help companies assess and plan how to best acquire goods or services for their business under given market realities. We have explored the ‘internal analysis as foundation for holistic category strategies’ in our recent blog, stating that the process of managing a category strategically is perpetual.