Muhammad Alam on Spend Control Tower at SAP Spend Connect
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significantly reduce the cost for the supplier to verify their sustainability credentials and automatically guide them to achieve better results – levelling the playing field for competing on sustainability credentials .”
Seeing through the hype and into the future Leading research advisory and strategic consultancy The Hackett Group has conducted research into the impact and potential of AI in procurement . Nic Walden is its Associate Principal , UK and Europe , and Practice Leader for Procurement Advisory and has a balanced view on the future potential for the technology . “ Our research indicates that sourcing managers and buyers view digital technology , including AI and Gen AI , as the primary driver of transformative change in procurement ,” he says . “ However , in my opinion , I would rank data and insights as the top factor , followed by digital technologies ”
Walden says it is continuing to monitor the influence on procurement , as technology vendors enhance their platforms with automation and insight capabilities using both AI and true GenAI .
While its research has suggested that AI will deliver back-office cost savings in the future , he also foresees other potential
110 November 2023