By 2027, 40% of sourcing events will be executed by nonprocurement staff.
Summary
With procurement technology rapidly evolving, it is time for Chief Procurement Officers to prepare for the digital impact it will have on procurement operations and staffing.
In this report, Gartner® discusses how “procurement organizations that do not embrace AI technologies will find themselves at a cost and agility deficit compared to their competitors.”
By leveraging solutions like Arkestro’s Predictive Procurement Orchestration, companies can save 16% within the first 60 days, run 3X as many events, and reach more addressable spend with the same resources.
Prepare yourself and your procurement organization with the valuable recommendations and key findings from Gartner analysts that will guide your strategic planning in 2024 and beyond.
Key Takeaways
- What you need to know about procurement technology
- Top skills procurement staff will need to adapt to technology changes
- Predictions for the future of procurement
- Market implications on procurement roles and current platforms
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Gartner Disclaimer:
Gartner, Predicts 2024: CPOs Adjust to Technology’s Impact on Procurement, By Micky Keck, Kaitlynn Sommers, Et Al., 4th January 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.