We love discussing transformation opportunities with the procurement community as much, if not more, than we enjoy talking about its challenges. Head of Digital Innovation Joe Gibson spoke to Procurement Magazine this month about the opportunities technology advances including AI bring to the commercial function.

In the article, Joe highlights the importance of:

  • Real-time updates on catalogue pricing and contract risk monitoring without human intervention.
  • Automated 24/7 negotiations for low-value purchases (tail-spend) powered by bots.
  • Procurement orchestration tools that unify multiple disconnected applications to improve efficiency.
  • Open API integrations to connect diverse data sources, enabling seamless, data-driven decision-making.

Read the full article here: The Evolution and Future of E-Procurement Software | Procurement Magazine

At 4C we believe a digital-first strategy is imperative for sustainable competitive advantage, whilst unlocking the full potential of commercial operations. Our digital offering continues to expand, with exciting partnerships and a growing team of digital experts. To find out more, contact Joe Gibson or Mark Ellis to discuss your challenges and how we can help.