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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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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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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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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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How to Transform Your Procurement Process with Natural Language Generation

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“Alexa… find information about Conversational Platforms in Procurement…” Business technologies using Natural Language Generation (like Alexa and Siri) are transforming the way business professionals and consumers interact with technology. Voice-enabled platforms are still in their infancy, but the technology continues to rapidly advance to include more complex interactions. It will only be a matter of […]

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Cognitive Procurement – Is It the Final Frontier?

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There has been a lot of buzz about disruptive technologies in procurement circles, one being cognitive procurement. But what is it and how can it be leveraged to create efficiencies and economies of scale in the procurement department? This blog will explore these questions, as well as the implications of AI for the future. Artificial […]

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Blockchain Technology Promises Better Trust and Transparency to Procurement

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Blockchain is a revolutionary technology that represents tremendous value for procurement. But what is it and how does it apply to the world of procurement? Watch the On-Demand Webinar: Blockchain, Internet of Things, Tokenization, and More First, let’s start with a definition. According to Don & Alex Tascott, authors of Blockchain Revolution: “Blockchain is an […]

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Digital Procurement Report: Zooming in on Data

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After looking at some of the general takeaways from our online survey “Digital Procurement: Just Hype Or The New Standard?” regarding the current level of digitalization and the priorities for investments, we now want to dig into one of the key value propositions of Digital Procurement: integration. Data is more important than ever As we mentioned […]

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