How AI is Shaking Up the Procurement World – From Predictive Analytics to Natural Language Processing Tools
So, you’ve heard of AI, right? That fancy tech that seems to be everywhere from our phones to our fridges. But did you know it’s making waves in the world of procurement? Well, it is. The days of manual data input and lengthy supplier evaluations are being replaced by the precision, efficiency, and intelligence that […]
Trends to watch in procurement technology: An overview of the latest developments in procurement technology
Procurement technology has come a long way in recent years, with new developments emerging all the time. From artificial intelligence (AI) to blockchain, businesses have a range of procurement technology options available to them. In this article, we’ll provide an overview of the latest trends in procurement technology and what they mean for businesses looking […]
Cost Optimization Solutions – How do They Work?
You’re probably expecting an answer that involves AI, Machine Learning, <insert fancy tech here>. Well, yes. But instead of “sprinkle fairy dust, magic happens”, we have a more comprehensive breakdown of the capabilities involved in this article. Cost optimization solutions are becoming increasingly popular as companies look to reduce expenses and improve their processes to […]
What Are the Benefits of Using AI for Procurement?
Artificial intelligence and its many potential applications have long been a much-loved concept. This is true both in science fiction and theoretical models. Only recently have we begun to see the future of these possibilities take shape as a reality instead of a fantasy. The estimate is that AI for procurement will increase business productivity […]
Future of Procurement in the Digital Age
We have reached a point where technology innovation has enabled an advanced new approach to procurement. This has come at a crucial moment for enterprise companies, with organisations now routinely spending more money on technology services than on goods. Massive complexity, poor data quality, and ineffective cataloging of contract and invoice information is causing companies […]
Category Management Analytics drives Business Digital Transformation
Imagine this: your team has found itself over budget after a challenging year of technology migrations and changing suppliers. You and your team need to find where the problems lie but no-one has enough spending analytics associated to your contract lifecycle management to fully understand the actual services being delivered within your technology and telecom […]
