Thursday, July 25, 2019 | 11 AM ET
The mandate for procurement organizations is clear – cost reduction alone no longer ensures success; creating value is equally important.
Procurement needs speed, innovation, and analytics to become a valued business partner that enables the overall enterprise-wide strategic goals. Advancements in the Triple-A Trifecta (Automation, AI, and Analytics) in combination with other emerging technologies (such as IoT and blockchain) provide the necessary tools to get to the procurement promised land.
However, most procurement organizations continue to struggle. According to our latest research, only 5-7% procurement functions have scaled-up RPA and/or AI initiatives, only 5% have an enterprise-wide approach to using intelligent automaton within sourcing/procurement, nearly 60% are looking at piecemeal technologies or have no integration points between technology initiatives, and 30%+ still have no plans or are unsure about leveraging RPA, NLP, and other AI technologies altogether!
Attend this complimentary webinar to learn how the procurement organization at Horizon Blue Cross Blue Shield of NJ – with help from IBM – was able to overcome the challenges that are preventing most procurement functions from achieving their desired future state.
We will discuss:
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