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How will emerging technology change procurement?
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The rise in digital transformation has led to a massive increase in data as the systems used at a company continue to grow. In fact, the 2019 Deloitte Global CPO Survey showed that 59% of CPOs believe analytics in procurement will have the most impact on their businesses over the next two years. As data grows exponentially, procurement leaders today are dealing with: Increasing data complexities Poor master data quality The inability to generate analytics...
A competitive analysis on Xeeva is difficult because the source-to-pay provider doesn’t just compete against the handful of players trying to bring machine learning and AI to the S2P space. It also takes on all of the traditional source-to-pay vendors who offer modern sourcing experiences, especially if they are augmented with market intelligence, best practices, community intelligence or other modern “guided” capabilities that can help a buyer make a better decision. That’s basically what buyers...
In 2019, one of the main focuses for procurement organizations is finding new sources of value. This will be largely driven by innovative approaches, as most of the easy, quick wins have already been completed. Identifying these catalysts, building them out, and constructing different ways to leverage these new value drivers is the focus of CPO Rising 2019: #ValueExpansion. Learn how value expansion can affect your organization in this webinar, where Andrew Bartolini, Founder &...