Autonomous Commerce: Powering Procurement’s New Paradigm
Much to the continued frustration of CPOs, a large proportion of procurement activity remains tactical rather than strategic. Procurement processes and technology remain anchored to traditional paradigms, with many tactical transaction activities running on enterprise resource planning (ERP) systems that have changed little over the past 20 years. There has been progress towards a more strategic role, particularly where procurement has invested in automation, but the challenge is clear – the procurement function needs to plan its IT investments more effectively.
Autonomous Commerce is a vision, a “new paradigm” for procurement and the partners and suppliers you work with. But it’s also a journey that brings benefits in the immediate present and the near future. The transformation is essentially about moving the focus of procurement technology from the tactical and routine, to the strategic and empowering. In short, it delivers value by making procurement better, faster and smarter.
In this report co-sponsored by JAGGAER, Procurement Leaders sets out in clear terms a roadmap that will help you on your journey. The report also includes a fascinating case study from leading international construction sector consultant Turner & Townsend, which has successfully undertaken important steps on its journey towards Autonomous Commerce.
Download this whitepaper, in partnership with Procurement Leaders, to gain insight into:
- The skills procurement functions require to help accelerate their transformation to becoming a data-enabled business partner
- How functions can determine which processes are suited to automation and which will continue to require manual input
- The opportunities that Autonomous Commerce promises to deliver across the end-to-end procurement process while bringing buyers and sellers together at scale.
Additional Resources
JAGGAER ESG Impact Report 2023
Category Management: Overcoming Barriers to Sources of Value and Innovation in Your Supply Base
The State of the Supply Side Survey Report 2024
Supplier Risk: The Modern Guide To Secure Vendor Onboarding
Maturity Assessment
Take this quick Autonomous Commerce Maturity Assessment now to identify your maturity stage and the next steps to take in your journey.