How BT Sourced is Showcasing Procurement Innovation
BT Sourced, the standalone procurement company within BT Group, established in April 2021 and headquartered in Dublin, Ireland, was created to transform traditional procurement practices by leveraging advanced technologies such as AI, blockchain, robotics and machine learning.
With a focus on simplifying processes, enhancing supplier relationships and driving sustainability and innovation across BT's global sourcing operations, it hopes to provide a platform for companies offering the best in procurement technology.
Revolutionising procurement through AI competition
BT Sourced has announced an upcoming procurement technology startup competition for May 2025.
Via a post on LinkedIn, it has asked forward-thinking startups utilising AI to transform procurement processes to step forward.
BT Sourced wants to hear from companies focused on automation, data-driven insights and enhancing supply chain efficiency, offering the competition as an opportunity to showcase innovative solutions and drive real change in the industry.
BT Sourced is on a very simple mission: to source for a better future, with a dedication to nurturing innovation and empowering AI-driven startups to reshape procurement practices.
By offering a platform for emerging companies it strives to accelerate digital transformation, foster progress and cultivate a community of like-minded professionals.
There will be updates on the competition in the coming weeks, including application deadlines, selection criteria and how companies can get involved.
Cyril Pourrat, Founder and CEO at BT Sourced, says: "Join us in shaping the future of procurement, where AI drives efficiency and innovation paves the way. Let's revolutionise the industry together."
Digital transformation in action
On its LinkedIn profile BT Sourced highlights several key digital tools it is harnessing. These include:
Candex: A US-based automated payment platform that operates within BT Sourced's Procurement Garage initiative for startups.
Globality's Glo: A smart sourcing platform with AI capabilities that helps BT Sourced procure suppliers across the consulting, marketing, IT, legal and HR sectors. BT Sourced reported approximately £8bn of spend processed tthrough the platform across 2023 and 2024.
BT Sourced was shortlisted for the World Procurement Awards - Digital Impact Category. This was due to its work with Globality's AI-driven platform around transforming the use of Gen AI within BT Group, helping bring procurement into a new era, and driving significant impact through innovative digital solutions.
It also harnesses Globality for Globality for all its spend from strategic down to tail.
Pioneering sustainability through technology
BT Sourced has been actively redefining procurement by incorporating advanced technologies such as AI, blockchain and robotics. The company uses digital tools to simplify processes, enhance supplier relationships and track sustainability goals. For instance:
Procurement processes have been streamlined to reduce ordering times significantly — sometimes from weeks to minutes.
Tools like negotiation analytics and bots enable faster decision-making and automated purchase orders.
BT Sourced also plays a critical role in advancing BT Group's sustainability goals by influencing supply chain practices to reduce carbon emissions by 42% by 2030/31.
BT Sourced leverages Dublin's tech ecosystem to innovate at scale. Its initiatives aim to modernise procurement through technology while fostering partnerships with suppliers and startups. This competition is another step in its mission to drive transformation across the procurement industry.
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