This article is part of a mini-series on how technology is a key factor shaping the future of procurement. It’s no surprise technology is transforming procurement. Procurement’s contribution to the overall organization strategy will be a major driver for competitive … Procurement Systems and Technology Future Technologies in Supply Chain and Logistics The future of supply chains is being transformed globally by the development of a more digitalised environment, where value chains are connected, and distribution systems are … Yes, it is here, machines handling … The top two technologies, AI-based E-Sourcing and Automated Contract Review and Analytics are based around machine learning and artificial intelligence, which is at the heart of all technology innovations. Back to future on this: the Procurement of Things. The platform will have built in contextual interactions with artificial intelligence layer to make users' life easier. CIPS are pleased to have worked with Aston University and the University of Liverpool to undertake workshops with the CIPS community in order to bring the paper to our member community. By James Marland, Global Vice President, SAP Centre of Excellence for Spend Management. Copyright © 2020 JAGGAER All rights reserved. During a webinar, we conducted a poll with over 1500 procurement professionals and asked what they thought would be the most impactful on procurement’s future. The different between company A and company B will be wisdom gained from such knowledge. Included in the poll are some of the hottest current and emerging technologies in the procurement space, but by no means an exhaustive list. Food and analytics. Investing in an application that is using this, like JAGGAER’s Advanced Sourcing Optimizer (ASO), will put you on the forefront of procurement innovation while bringing efficiency and ROI to your sourcing operations. But which one drives the other? This will enable end-users to execute non-critical transactions themselves using the procurement platform, and resort to the procurement office in complex purchasing concerns. These cookies are used to ensure that any adverts visible are relevant to your interests. Gartner, for example, has predicted that by 2022: Procurement is changing, and it’s up to us to change with it. Yet legacy #DemandPlanning systems and processes often fail to… https://t.co/zCqDKc8Ipu, Pardeep Gill, #CPO and VP of #SupplyChain at @AmerenCorp, discusses their #DigitalTransformation, managing the lowe… https://t.co/8sFU6ZgDqu, Pardeep Gill, #CPO and VP of #SupplyChain at Ameren, discusses their #DigitalTransformation, managing the lower dem… https://t.co/OvSksQOIip, What are your predictions for #procurement in 2021? In 10 years, your day-to-day job in procurement might be radically different. Procurement as a whole has been able to do this slowly, bit by bit, but today it’s clear that we must be able to incorporate this technology into our day-to-day at scale. Technology to drive Procurement as a strategic function. Is there anything you can do to keep this from happening again? According to A.T. Kearney, “today’s procurement technology is a failure.” According this latest research report, we are at an inflection point in adoption the future of procurement technology, largely driven by the emergence of more flexible, user-friendly procurement platforms. With automation quickly making today’s skills irrelevant, the days of procurement staff as order-takers is over. JAGGAER’s Advanced Sourcing Optimizer (ASO). Bitte aktualisieren Sie Ihren Browser damit die Seite verwendet werden kann. Mobile devices are a platform for effective social networking and new ways of work. “ when you look at the primacy of procurement websites and advertising cookies that may analyze your of! 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