Attributes of a Dying Procurement Organization

Attributes of a Dying Procurement Organization

This IDC Perspective considers some common attributes that mark procurement organizations that are challenged to stay abreast of current challenges. Procurement organizations can work to ensure they are current and relevant by assessing their current state and considering the benefits of procurement applications that leverage features that include predictive analytics, enhanced collaboration, artificial intelligence, and workflow customization."Procurement organizations can climb the maturity ladder through a thorough self-assessment of their current state and an understanding of the gaps that exist to their desired future state. Yesterday's drivers may no longer be relevant, and the application of newer technologies that bring automation, predictive analytics, and workflow customization will accelerate their digital transformation." — Patrick Reymann, research director, Procurement and Enterprise Applications, IDC

Please Note: Extended description available upon request.