AI in Procurement: The Day After Tomorrow
11/29/2018
Spend Matters has been exploring the state of artificial intelligence in procurement. Before we look into the future, let’s see where we’re at now. We started with AI in Procurement Today (Part 1 and Part 2), which was followed by AI in Procurement Tomorrow (Part 1, Part 2 and Part 3). This leads one to ask, what comes next? A number of vendors are already working on the tomorrow features and a few even have some in beta.
We aren't going to look too far into future because we want to stick to capabilities you should see in the next decade. So here’s a representative list of some of the more common features coming down the pipe. You should expect to see:
- Tail spend elimination
- Guided procurement
- Performance improvement
-
AP/I2P EPRO P2P09/11/2018
-
CO2 ANALYTICS03/04/2024
-
AP/I2P CLM EPRO P2P S2C S2P SOURCING ANALYTICS11/14/2016
-
-
ANALYTICS08/02/2016
-
AP/I2P EPRO P2P09/11/2018
-
CO2 ANALYTICS03/04/2024
-
AP/I2P CLM EPRO P2P S2C S2P SOURCING ANALYTICS11/14/2016
-
-
ANALYTICS08/02/2016