digital render of computer automation software

Hello Automated Procurement, Goodbye Tedium

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How much do you enjoy routine tasks such as updating dozens of price lists, generating purchase requests, and entering and reviewing information for multiple suppliers? Many tasks in procurement are repetitive, tedious, time-consuming and, when performed by humans, highly error prone. They absorb precious time – time that could be spent on more important strategic […]

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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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Digitized Procurement: A Setting-Off Point to Autonomous Procurement

Digitized Procurement: Your Setting-off Point to Autonomy

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In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement. But what does this mean? How will we get there? And where are we now? Autonomous Procurement: The Reality versus [...]

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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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It’s Not Dumb If It Works: Why Autonomous Procurement is a Really Smart Idea

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As talk of “autonomous procurement” increases, critics are quick to dismiss the idea. However, some of these doubts might be a bit preemptive. Over the next five to ten years, procurement will be largely reimagined as technology continues to advance. Autonomous procurement is coming and leaders will embrace it.  Start now with our on-demand webinar, Four Steps to Autonomous […]

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Four Steps to Autonomous Procurement

Making Procurement Autonomous: Embracing the Future Now

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The world is digitizing right before our eyes. From Cortana, Siri, and Alexa to Tesla, Uber, and Waymo, autonomous devices and so-called artificial intelligence are all around us. Even long-time escapes like sports have become playgrounds for IoT fitness devices and big data statistical analysis. Forbes predicts that AI will revolutionize everything from scouting and performance analysis to […]

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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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