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Artificial intelligence use in procurement isnt a distant dream its here, reshaping how procurement professionals work. From simple automations that save time to sophisticated strategies that drive major business value, embedding AI in your business processes can provide immense value. But where should you begin? And how can you scale your efforts for maximum impact?
MODEL 1 While over half of organizations have some form of classification policy, fewer have fully aligned, organization-wide taxonomies. Estimates suggest only 2030% of organizations achieve high-quality taxonomy alignment, with higher rates in sectors facing regulatory pressure (e.g., utilities, finance). MODEL 2 Approximately 2050% of companies use a properly aligned taxonomy, with 4060% in regulated/large enterprises, 2040% in procurement functions of large firms, and 1020% or less in SMEs.
This Spend Matters Vendor Analysis gives an overview of CADDi Drawer, an Al-driven software that helps manufacturers with similar part searches. The solution leverages algorithms tailored to 2D drawings to make parts searchable by shape, text, dimensions and name. Such capabilities are especially important for high-mix, low-volume manufacturers that need to continuously identify optimal suppliers for a wide variety of existing and new parts.
Consider this your business suddenly faces a major supply chain disruption. Perhaps a critical supplier goes out of business, a natural disaster halts shipments, or new regulations are introduced that throw a wrench in your entire process. This nightmare becomes a reality for many businesses more often than wed like to admit. But the truth is, a fragile supply chain can make or break your companys success in today’s world.
The race to dominate AI is no longer about who has the smartest algorithms — it's about who can build and scale faster. Behind every AI breakthrough lies a battle for resources: data centers, compute hardware, power, and telecom infrastructure. And right now, even tech giants are hitting a wall. Our latest white paper reveals the six critical supply chain elements that are increasingly separating AI leaders from the rest.
To evaluate how the Agent-based Metaprise model, leveraging self-learning algorithms in the Department of National Defence (DND) implementation case study over seven years, addresses clean data challenges compared to the Intake and Orchestration model, well extend our prior discussions (failure rates, CAGR, DND context) by integrating self-learning algorithms into Hansens framework and contrasting it with the tech-heavy Intake and Orchestration approach.
In the tumultuous world of trade wars and tariffs, Levi’s emerges as a steady hand, promising a precise and strategic response to any potential price increases. Amidst the chaos, the renowned denim brand unveils a plan for ‘surgical’ adjustments, ensuring minimal impact on consumers and maintaining the integrity of its iconic products.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
In 2004, I wrote a paper called Acres of Diamonds, in which I first introduced the concept of two commodity characteristics: Dynamic Flux and Historic Flatline. Based on the input from the 1998 Agent-based RAM platform, which featured self-learning algorithms within a nascent AI framework, confirmed prior research indicated that Indirect Material MRO products were prone to much greater volatility over time than Direct Materials.
In the labyrinth of the global food supply chain, the humble egg has emerged as a contender for the spotlight. Join us as we delve into the captivating insights of a supply chain expert from the esteemed University of Denver,unraveling the mysteries behind the soaring egg prices that have ignited whispers of concern among consumers and industry insiders alike.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
As weve said: People, Process and Technology are the pillars of procurement transformation. And people are the most valuable assets that an organization has it is the people who run the processes and use the technology. So a large part of accelerating your procurement transformation process lies in strengthening roles and responsibilities. A good checklist for the roles you might want to consider in your transformation project comes from Jol Collin-Demers ProcureTech Project Role Checklist , wh
How Intake and Orchestration AI Are Reshaping Procurement If youve been paying attention to technology developments in procurement, youve probably come across the term Intake & Orchestration. So, whats it all about? And why should you take note? Intake AI refers to the use of artificial intelligence to capture, understand, and classify incoming requests or needs, whether from users, systems, or documents.
The dawn of Multi-Enterprise Supply Chain Business Networks (MESCBN) has ushered in a new era of interconnected commerce, transforming the customary supply chain landscape. As these networks continue to disrupt the market, vendors are presented with a lucrative $4.02 billion prospect they simply can’t afford to overlook. In this article, we delve into the key disruptions shaping the MESCBN market and explore the innovative strategies vendors can leverage to capitali
If there’s one thing businesses can’t afford to overlook these days, it’s knowing exactly who they’re working with. Thats where Know Your Business , or KYB , comes into play. The term might sound a bit formal, but the concept is straightforward: make sure the company you’re about to partner with is real, officially registered, and playing by the rules.
This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia
Modern procurement needs have far surpassed transaction management; procurement is now a critical component in driving strategic value across businesses and AI has become a key tool in procurement teams back pockets. Across industries, AI is capable of reshaping procurement, making it smarter, more predictive and highly efficient. In this article we will highlight some of the key changes AI has made to procurement strategies in the following industries: manufacturing and industrials, life scienc
Redefining the future of Procurement 3.0' with our Must-Watch webinar Were excited to bring you an exclusive 45-minute webinar on 3rd June 14:00 BST that will explore how procurement leaders can transform procurement to become the high performing, tech and AI enabled strategic function that makes a central contribution to the organization realizing its corporate ambitions.
EDITOR’S NOTE: Here are three separate third-party sources analyzing the success and impact of implementing the original RAM Agent-based Metaprise model to support the DND’s IT infrastructure. As always, I encourage you to do your own research on the Agent-based versus Equation-based models and the comparisons between the Agent-based Metaprise and the Orchestration and Intake models.
In the ever-evolving landscape of supply chain management, a new player has emerged to revolutionize the industry: IBM. With agentic and generative AI at the helm, supply chain executives are discovering a competitive edge like never before. In this article, we delve into the innovative ways in which IBM is reshaping the future of supply chains with cutting-edge technology.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
We continue our Procurement Transformation Guide with a look at the limits of how tech can help procurement. Chances are that if you are in the market for a shiny new piece of procurement tech, you are already on board for the change it will bring and the necessary steps involved in its implementation. Everyone else might not be so ready, however. In fact, a major reason why these initiatives fail is that the people leading them are working with their tech-savvy biases and consequently skip over
Tariffs are shaking things up, and businesses are feeling it. New trade policies can throw a wrench into import/export agreements, pricing, and compliance, making effective contract management more important than ever. If youre not keeping tabs on how tariffs, you could be missing something here like running into surprise costs, compliance snags, or supply chain hiccups.
In the context of my previous article, “What is continuous, self-cleaning data?”, the relationship between human agents and AI agents is pivotal to achieving and maintaining clean data within procurement systems. Understanding Human and AI Agents Human Agents : These are procurement professionalssuch as buyers, managers, and supplierswho bring contextual knowledge, judgment, and experience to the procurement process.
Tail spend — often unmanaged, fragmented and costly — can account for as much as 80% of total transaction volume. Without the right strategy, enterprises face hidden risks and unnecessary spend. It’s time to shift from fragmented, ad hoc purchasing to a strategic, technology-driven approach. Download this GEP-sponsored Everest Group research for insights on how your competitors are upping their tail spend management game.
In a world where technology continues to revolutionize the way we do business, Mattress Firm has taken a bold step forward by integrating AI-powered solutions into its inventory management and supply chain processes. Embracing the cutting-edge capabilities of artificial intelligence, the renowned retailer aims to enhance efficiency and accuracy in forecasting and product distribution.
Supply chain reshoring and the growing number of sourcing options for industrial buyers have led to new and evolving challenges for U.S. manufacturers. With more options than ever before, buyers can feel overwhelmed when searching for suppliers that meet their needs, while suppliers need a way to differentiate their offerings and stand out from the competition.
Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.
ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!
QUESTION: Which self-learning algorithm models referenced in the following post do the ProcureTech Cup Elite Eight solution providers use? Ranking by Algorithm Alignment Provider Hansens Loopback Models Joules Feedback Models Rationale ORO Labs Supervised (XGBoost), Unsupervised (DBSCAN), Reinforcement GenAI (Transformers), Neural Networks Best for both: GenAI like Joule, human-driven like Hansen, enterprise-ready Anvil Analytical Supervised (Random Forest), Unsupervised (K-Means) Neural Network
In today’s interconnected digital landscape, the backbone of global trade and supply chains faces a new and evolving threat – cyber risks. From third-party vendors to the impact of U.S. tariffs, supply chains are increasingly vulnerable to malicious actors seeking to exploit vulnerabilities for their own gain. In this article, we explore the intricate web of cyber risks facing supply chains in the modern era, shedding light on the challenges and solutions for safeguar
Today Im happy to announce the official launch of our Supplier Management Tech Advisor report for 2025! Ardent Partners evaluated the markets top Supplier Management solution providers Solution Strength (the… The post Ardent Partners Announces The 2025 Supplier Management Technology Advisor appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.
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