Building Artificial Intelligence (AI) applications in your business without high quality data is like driving a Ferrari without gas. It’s expensive and it gets you nowhere. Defining Artificial Intelligence Before dissecting my claim, it’s important to first state that the field of AI is overwhelmingly vast. Currently, Limited Memory AI is the most promising and […]
With the proliferation of enterprise procurement systems available today, buyers are confronted with an anxiety inducing paradox of choice. There are well over 100 procurement software companies worldwide today, each focusing on different parts of the Procurement value chain. Certain larger providers even argue they can be your “one-stop shop” for the entire Procurement value […]
In Deloitte’s 2019 Global CPO Survey, 53% of the 481 top procurement leaders surveyed reported that they are not satisfied with the results of digital technology implementations within their organizations. Why is it still so hard to get a Procurement digital transformation right? I think this is due to two main factors. First, the general […]
I recently discussed the critical success factors of Source to Pay implementations with Thierry Jaffry on episode #2 of the Pure Procurement Podcast. Thierry is Vice-President for the North-American market and Global Chief Marketing Officer (CMO) of Fluxym, a global leader in Source to Pay consulting services. During the episode, Thierry and I discussed the […]
Establishing Source to Pay content goals is critical to benefits realization when implementing a Source to Pay system. As system usage is largely correlated with content, this needs to be something you think about up front. As an example, one of the assumptions behind benefits realization for a purchasing/buying module is that once you on-board […]