The recently updated and published "2019 Purchase-to-Pay (P2P) Performance Study," from The Hackett Group continues to show a widening gulf between Top P2P Performers and the overall Peer Group, and the difference is digitization: "Leveraging a broad toolkit that includes e-catalogs, e-payables, touchless ordering, and self-service, Top Performers have double the adoption rate for impactful automation, compared to peers." In this webinar, Jimmy LeFever (Senior Research Director, Procurement Advisory Practice at The Hackett Group) will share highlights from the new P2P Performance Study to shed light on what Top P2P Performance is all "About," including: He will be joined by and Bruce Pomazal (Director, Strategic Sourcing at CDK Global) and Richard Waugh (Vice President, Corporate Development at Zycus), for a first-hand guide to achieving Top P2P Performer status, as well a glimpse toward driving next-level efficiencies by showcasing what AI innovations in P2P are all "Abot":
Machine learning takes artificial intelligence (AI) to the next level by allowing a system to learn without prior programming. Now, restaurants are starting to benefit from this technology. Simon Bocca, COO at Fourth, shared how his company is using machine learning. Fourth recently announced its end-to-end restaurant and hospitality platform and services. The company provides an all-in-one solution for purchase-to-pay, inventory and workforce management with advanced demand forecasting, predictive analytics and collaboration tools.
By 2020, Gartner predicts that the use of artificial intelligence and machine learning will be pervasive. In 1983, Sting famously released his song "Every Breath You Take" and sung "Every step you take, I'll be watching you." And I'm not sure if the world has ever unanimously decided if we should be creeped out or feel safe when listening. In a lot of ways, I think that's the association that a lot of people have with Machine Learning (ML) and Artificial Intelligence (AI), especially when it comes to using this technology in daily life. But, there's nothing to be afraid of.