Procurement organizations are becoming more technology-driven and dynamic as they adopt recent advancements in artificial intelligence, machine learning, and cognitive technologies. Yet, the complexity and pace required to make better spending decisions faster cannot be tackled with traditional technology landscapes. It’s no longer reasonable for users to interact with multiple systems to process purchase orders, negotiate contracts, analyze data, and derive deep insights by themselves. With Decision Intelligence platforms, procurement organizations can take the next step into their modernization while extending their value across the business. They can not only act with agility in a world of constant change and disruption, but also serve as the catalyst their business needs to drive innovation and improve sustainability performance.
This paper reveals how Decision Intelligence platforms, when used as the AI hub, enable procurement organizations to orchestrate the end-to-end decision-making process and help address CPO priorities:
- Redefine Internal Priorities to Deliver Value Beyond Savings
- Free Up Information to Tackle Top External Priorities
- Modernize Procurement by Prioritizing Digital Transformation