Most enterprise procurement systems were designed for a world that no longer exists. A world where demand could be forecast by looking at last year’s sales. Where procurement operated like a train timetable — suppliers on the rails, prices (largely) fixed aside from negotiated savings (often lost year-over-year), and risk confined to weather delays and …
Artificial Intelligence (AI) is reopening a strategic debate many enterprises believed had largely been settled over the past decade: should companies build their own technology or rely on external platforms? In procurement, this question is becoming increasingly relevant for Source-to-Pay (S2P) technology. A familiar debate in enterprise technology For many years, the dominant approach was …
Continue reading “AI in Procurement: Rethinking the Build vs Buy Strategy for Source-to-Pay”
