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How will emerging technology change procurement?
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Last month, we examined the current constraints on procurement today and discovered that data spend quality is an issue that’s holding organizations back. Digging in further, we found that spend classification is a big factor affecting organizations’ abilities to get high-quality data. The reality is you don’t know what you’re actually spending in each category.
We recently attended the ProcureCon MRO virtual event that brought together senior-level maintenance, repair, and operations (MRO) procurement innovators representing some of the world’s largest manufacturing companies. Although the event was held behind computer screens, industry experts, practitioners, and solution providers gathered virtually to discuss the various ways organizations have been impacted, how to better manage risk, and how to proactively respond for the future. Read on to learn our most valuable takeaways. Now is...
In the first two chapters of our tale, we explained how to differentiate AI from the buzzword and explored how the state of AI is currently only at a basic level. But not all artificial intelligence is created alike. More advanced AI, the kind that can deliver real results for your organization, is more than just a fairy tale. Going beyond helpful Of course, any kind of AI is capable of helping you. Automation can...