A Guide for Procurement Leaders: Why Building Your Own Sourcing AI Isn't Worth the Wait
A new white paper argues that procurement leaders should purchase specialized AI platforms rather than building custom internal solutions. It highlights that custom projects often fail or take too long, leaving companies at a competitive disadvantage.
Why it matters
As enterprises rush to adopt AI, the 'build vs. buy' decision is a major strategic hurdle that can determine the success or failure of digital transformation initiatives.
In my recent conversations with customers and prospects, a common theme is emerging. Several have recently told me that when transforming procurement with AI, the biggest risk is moving too slowly. In a recent webinar, for example, our customers Invesco and Bristol Myers Squibb both urged their peers in procurement to 'just get started'.
The article presents a business argument for a specific procurement strategy, though it is clearly promotional for the vendor's white paper.
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