advanced sourcing and procurement technology
Advanced Sourcing and Procurement Technologies: Artificial Intelligence
Ardent Partners' recent research report, Sourcing and Procurement: The 2016-2017 Technology and Innovation Outlook Report, chronicles the evolution of sourcing and procurement technologies over the last two decades to where they are today and poised to go tomorrow. This report, which is chock full of great insights on many advanced, distinct sourcing and procurement technologies, has spawned a series here on CPO Rising that looks in depth at each of the innovative solutions coming onto the market today and in the near future. One of the outputs of machine learning is a greater understanding of user interfacing (UI) and how to improve user experiences (UX). But machine learning, powered by master data management, Big Data, and advanced algorithms, is on the cusp of delivering even more efficiency gains and insight to the end user. As discussed in the previous installment in this series, artificial intelligence (AI) is a natural extension of machine learning and is not-so-quietly preparing to take procurement, sourcing, and supply management to the next level of performance.