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Resources  /  Analyst Reports  /  The Future of Sourcing is Predictive and Autonomous
Predicts 2024 - CPOs Adjust to Technology's Impact on Procurement

The Future of Sourcing is Predictive and Autonomous

The value of predictive sourcing can be found in highly complex sourcing events where simulation-driven design keeps humans within the process while reducing the supplier workload.

In just the last five years, advances in automation and AI have fueled more innovation in procurement technology than the previous two decades combined.

Key Takeaways

Procurement is evolving quickly. Advances in automation and predictive models are reshaping the way organizations run events, generate offers, and engage suppliers. In this new report, Ardent Partners and Arkestro explore what these changes mean for leaders under pressure to achieve more with less while steering their organizations into the next era of procurement.

  • How predictive sourcing and autonomous negotiations are moving procurement beyond traditional RFQs and RFPs
  • Why concepts like anchor pricing and game theory are influencing supplier responses and shifting outcomes
  • Where technologies such as automation, analytics, and AI are coming together to expand spend coverage, reduce cycle times, and strengthen decision-making

Download your complimentary copy now!

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