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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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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What's next for procuremnet?

What’s Next for Digital Procurement?

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Our survey of the global procurement community and the subsequent report, Digital Transformation in Procurement: How Close Are We? revealed heightened awareness of digital technologies and their potential to transform the procurement function, but little progress over the past two years. It identified a couple of key challenges. We dealt with one of them in […]

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ai solutions for procurement

What Should You Look for in AI Solutions for Procurement?

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A Gartner report published in September 2018, entitled “The Impact of Artificial Intelligence on Procurement Software Applications” set out the reasons why many procurement leaders are hesitant about investing in artificial intelligence (AI) solutions. The headline reason can be summarized in one word: hype. Based on the Gartner research and our own extensive survey findings, […]

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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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