HFS Digital Roundtable
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Realizing the Value of Transformational Technologies: Your Action Plan to Make your Procurement Vision a Reality

The mandate for procurement organizations is clear. Cost reduction and spend deflation alone no longer ensures success; creating value for the enterprise is equally and increasingly more important. Procurement needs speed, innovation, and the insights and intelligence to make this goal a reality. The result is an increase in urgency for companies to accelerate the digital transformation of sourcing and procurement capabilities to drive growth and value.

Despite the promising use cases, fewer than 5% of the emerging technologies (e.g., AI, ML, blockchain) initiatives within sourcing and procurement have scaled. Overall utilization and satisfaction around the use of transformational technologies in sourcing and procurement services continues to be minimal at best. We know that we need technology to survive and thrive, yet many are struggling to realize the anticipated benefits and potential that these technologies can provide.

Join leading sourcing and procurement executives for an engaging discussion and walk away with key actions you can take to:

• Validate technology’s critical role in modern procurement organizations, enabling people to focus on the truly human work
• Overcome the organizational resistance that comes with any change, including adoption of transformation technologies, reimagining old, analog processes and digitalizing new, consumer-like ways of working
• Combine traditional systems with new best-of-breed technologies to successfully lead your own digital transformation