Using natural language generation (NLG) in procurement tech

How to Transform Your Procurement Process with Natural Language Generation

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“Alexa… find information about Conversational Platforms in Procurement…” Natural Language Generation (like Alexa and Siri) technologies are transforming the way business professionals and consumers interact with technology. Voice-enabled platforms are still in their infancy, but the technology rapidly advancing to enable more complex interactions. It’s only matter of time before we are all relying on […]

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Smart Assistant

Emerging Technologies: The Evolution of the Smart Assistant

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Everywhere we turn, there is a constant buzz around new technologies such as artificial intelligence, machine learning, and cognitive intelligence. These emerging trends are expected to revolutionize procurement. According to Supply Management, “Cognitive procurement will drive the procurement profession forward” and early adopters may certainly gain a competitive advantage. Industry experts appear concerned primarily with […]

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autonomous-car-radar

What on Earth is “Autonomous Procurement,” Anyway?

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With hot new buzzwords coming and going year after year, it’s hard to blame any procurement professionals who are becoming disillusioned. One of the latest, “autonomous procurement,” has been the focus of writings by industry experts both enthusiastic and less optimistic. But many purchasing team members, including leadership, still lack clarity on what exactly the term means. Understanding the definition of autonomous procurement – […]

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REV2019 Fireside Chat

Leveraging Data in a Digital Transformation: Lessons from JAGGAER’s Fireside Chat

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Digital procurement platforms are capable of producing incredible amounts of data, from spend history to supplier scores, delivery rates and more. But such massive amounts of data can easily lead to a new generation of questions. What do all these numbers really mean? How can I put them to good use? Which data can I trust?  At REV2019, […]

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AI for Better Supplier Collaboration: First, Get Your Data in Order

AI for Better Supplier Collaboration: First, Get Your Data in Order

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Most software vendors have taken an applications-driven approach to delivering solutions. They have identified the main challenges faced by procurement professionals and developed applications that address those specific challenges. This has brought benefits but not sustainable value, especially when buyers have looked for “best-of-breed” point solutions with limited interoperability. The result has been isolated applications, […]

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AI to improve decision-making in sourcing and procurement

Artificial Intelligence to Improve Decision-Making in Procurement

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What Is the Best Way to Secure Sustainable Competitive Advantage from New Technologies? Until now the focus of attention has been process automation or augmentation. Our recently published report, “Digital Transformation in Procurement: How Close Are We?”, which is based on a global survey with responses from 391 CPOs and other senior procurement decision makers, […]

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Zooming in on data integration in procurement

Zooming in on Data Integration in Procurement

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Procurement is central to the profitability of organizations in all industry sectors. Given the value that procurement delivers, you would think that the function is ripe for digital transformation. But the reality is rather different. Why is this? Our 2019 Digital Procurement Survey, Digital Transformation in Procurement: How Close Are We? provides some answers. We […]

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Digitalization in Procurement - Your Questions Answered

Digitalization in Procurement: Your Questions Answered

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Last week JAGGAER hosted a webinar reviewing the findings of our recently released 2019 Digital Procurement Survey Report. We reviewed the key takeaways and provided recommendations for how procurement professionals can begin to take advantage of next-generation technologies. Our engaged audience left us with more questions than we could get to in our allotted time, […]

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Digital transformation in procurement

How Close Are We to Digital Transformation in Procurement?

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Key Findings from the JAGGAER 2019 Digital Procurement Survey Despite all the talk of digital transformation in procurement, the JAGGAER 2019 Digital Procurement Report reveals little change since 2017. The report identifies the lack of budget and requisite IT skills, and lack of progress with data integration as well as lack of digital knowledge among […]

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How Close Are Global Procurement Organizations to Digital Transformation?

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The digital transformation of business is already underway. Digitalization is no longer viewed as the aspiration of a select few, but as an inevitability for businesses in nearly every sector. Over the past several years, the hype surrounding digitalization has also extended to procurement. These days, digital transformation is a top priority for most CPOs, […]

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