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IDC PeerScape: Procurement Practices to Leverage Digital Technologies

Publisher IDC
Published Mar 29, 2024
Length 7 Pages
SKU # IDC18658470

Description

IDC PeerScape: Procurement Practices to Leverage Digital Technologies


This IDC PeerScape discusses the transformative impact of autonomous technologies on procurement processes, focusing on autonomous sourcing, statement of work generation, and purchase order collaboration. It highlights how these technologies streamline tasks, foster transparency, and enable data-driven decision-making, thereby enhancing efficiency and strategic focus. The document also underscores the challenges of traditional methods, including inefficiency, lack of transparency, and subjectivity, and provides examples and guidance on leveraging these technologies effectively."Autonomous tools in the realms of autonomous sourcing, SOW generation, and PO collaboration empower organizations to achieve greater efficiency, make data-driven decisions, and optimize their procurement strategies." — Patrick Reymann, research director, Procurement and Enterprise Applications at IDC

Please Note: Extended description available upon request.

Table of Contents

7 Pages
IDC PeerScape Figure
Executive Summary
Peer Insights
Practice 1: Autonomous Sourcing Empowers Organizations to Achieve Greater Efficiency, Make Data-Driven Decisions, and Optimize Their Procurement Strategies
Challenge
Example
Guidance
Practice 2: AI-Powered SOW Generation Leverages Automation and Machine Learning to Streamline the SOW Creation Process, Automating Manual and Repetitive Tasks
Challenges
Example
Guidance
Practice 3: Adopting PO Collaboration Tools Allows Entities to Drive Their Respective Digital Transformation Journey and Frees Practitioners to Focus on More Strategic Matters
Challenge
Example
Guidance
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Related Research

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