Long-Term Investment in Procurement Technology Lays the Foundation for Gen AI Adoption
The Hackett Group
SEPTEMBER 26, 2024
In contrast, in 2019, FTE reductions were primarily focused on achieving early-stage efficiencies. In terms of operational excellence, Digital World Class ® procurement organizations have 23% shorter sourcing cycle times and 76% lower process costs per order. Their transactional efficiency is unmatched, with 1.3
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