Token Economics for Procurement Professional: Day 1 : The Basics

The first video is here on Token Economics! Day 1: The Foundations of Token Economics for Procurement Most procurement teams are not managing the costs of AI, as it is deemed too complex. Supernegotiate is here to simplify it. But the concern is real about the cost. A 10-turn conversation with your LLM starts at $10k/year per user. But upload a few documents, and that cost can jump to $80-90K annually. Nobody's measuring it because nobody understands this category yet. Thus, my recommendation is to establish token economics as a new procurement category in your organization! What will I discuss in this video? Well, my Rule of "3s". Types of Tokens The conversation history trap How thinking models are secretly expensive Some simulation of costs based on text-based chat versus document-driven Why? Because Procurement AI is heavily driven by document workload (RFP Proposals, Specs, Quotations, contracts, etc). That's why, as a Procurement Manager, you need to understand this. Follow my Substack for exclusive posts: https://lnkd.in/dv6WCrRr