The white paper discusses the impact of the COVID-19 pandemic on supply chain and procurement organizations and the need for digital transformation to improve efficiency, mitigate risk, and optimize costs. The ideal state is a unified platform that streamlines processes and operations, but this kind of deep transformation requires well-thought-out strategies, time, resources, and budget commitments. The solution is an AI-powered guided buying tool with integrated catalogs that simplifies and transforms the buying experience. Companies can use this tool to address challenges such as reducing maverick spend, managing tail spend, and reducing requisition and PO cycle time. Instead of diving in headfirst, companies can plan for a phased transformation of their complex procurement processes.
