Summary
There is an abundance of new technology available in the procurement space. So much so that procurement leaders might be asking, ‘How do I get started with artificial intelligence (AI) in sourcing and procurement?’
In this report, Gartner® discusses how “AI technologies can optimize and accelerate activities necessary for digital innovation and transformation.”
By leveraging AI-powered 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.
Learn how to enable successful AI adoption in procurement with these quick findings from Gartner’s 2023 AI in the Enterprise Survey.
Key Takeaways
- How to prepare for AI in procurement
- Building foundational capabilities for AI in procurement
- Preparing your organization for AI adoption
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IN THE NEWS
BLOG
An Interview With Industry Leader John P. “Jack Miles About the Current State of Procurement in Financial Services: Part Two
In part one of our wide-ranging interview with procurement and business expert, Jack Miles, we discussed the many challenges facing today’s procurement leaders in Financial Services firms, the part procurement stakeholders play in addressing those challenges, and how...
An Interview With Industry Leader John P. “Jack Miles About the Current State of Procurement in Financial Services: Part Two
In part one of our wide-ranging interview with procurement and business expert, Jack Miles, we discussed the many challenges facing today’s procurement leaders in Financial Services firms, the part procurement stakeholders play in addressing those challenges, and how...
WEBINAR
Bloomberg Television: Mitigating the Effects of “Black Swan” Disruptions
An interview with Arkestro's Neil Lustig, and Bloomberg Television.Summary: In this video, Neil Lustig, discusses how automation technology is aiding current supply chain issues. He explains how Arkestro's AI-powered predictive procurement platform helps companies...
Bloomberg Television: Mitigating the Effects of “Black Swan” Disruptions
An interview with Arkestro's Neil Lustig, and Bloomberg Television.Summary: In this video, Neil Lustig, discusses how automation technology is aiding current supply chain issues. He explains how Arkestro's AI-powered predictive procurement platform helps companies...
Gartner Disclaimer:
Gartner, Quick Answer: How to Prepare for AI in Procurement, By Naveen Mahendra., 17th April 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.