Just the Facts: The Procurement Industry
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Nine in 10 CPO’s stated they should be doing more with the resources they have in place today and their overall performance should be better.
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Percentage of CPOs
Who focused on improved quality and lower risk of spend during the pandemic
9%
- 12%
9%
Best-in-Class Procurement Departments
That have high adoption and strong usage of automation tools
20%
- 20%
20%
Feel They Are Sophisticated Users
With systems that are highly adopted
4%
- 10%
4%
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A majority of procurement leaders believe that supply management technology, predictive analytics, and data science applied to procurement’s Big Data will have a significant impact on their operations over the next few years.
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Interested in using the AI/ML capabilities of Predictive Procurement Orchestration to build upon your procurement organization’s current set of systems and processes? Accelerate your digital transformation with Arkestro!
Source: Ardent Partners, Predictive Procurement Orchestration: Four Ways It Can Transform the Industry report