AI for procurement: 7 significant ways AI is changing the future

Curious how artificial intelligence technology is changing the future of procurement?

Explore this down-to-earth infographic to learn what’s changing, why it’s important, and how your organization can benefit from AI for procurement.

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Why traditional rules-driven spend analytics is no longer enough With data growing daily, it’s important to be able to interpret and visualize it to get any value. Most organizations, however, struggle with data quality and relevance. That’s why having good analytics support for procurement and sourcing is a foundational capability for modern procurement organizations today. Read this whitepaper, written by Spend Matters, to find out how you can gain a competitive advantage by utilizing a...

1. Buyer Assistant Applies to Configurability Buyer Assistant if Licensed & Enabled Buyer during Award steps of Spot Buy workflow Admin role Xeeva (back office) Buyer Assistant is Optional by Location/Default: OFF Adds UI features (Buyer), learning enablement for the BA engine additional business rules (Admins) 1.1. New:  Buyer Assistant -Supplier Feedback during Award Buyers will now be able to provide qualitative feedback to the Buyer Assistant about award recommendations made during the ACTIVE stage,...

As a procurement leader, you want to gain a deeper understanding of and visibility into enterprise spend. This starts with having operable data to set the foundation for your procurement optimization efforts. Leverage digital technology to achieve spend visibility and uncover intelligent insights that allow you to tap into savings opportunities of up to 20%, place up to 89% of spend under management, and ultimately evolve your indirect procurement function into a strategic source of...