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eProcurement & Procure-to-Pay Resources

Cognitive Buying on Display at ISM 2017 Orlando

Posted by BuyerQuest on May 16, 2017 at 11:46 AM

Next week, more than 2500 global supply chain and procurement professionals will gather in Orlando, Florida, for the Institute of Supply Management's (ISM) annual conference. ISM has assembled a comprehensive agenda that provides attendees with access to content to help personal and professional development, no matter what stage of the attendee's career.

ISM 2017 features a packed schedule with keynote and signature sessions, along with learning tracks divided into economic, business and professional segments.

Based on the analysis recently published in Ardent Partner's, CPO Rising: Tools of the Trade analysis, it is clear that procurement professionals attending the ISM 2017 conference will be searching for tools and techniques to drive improvements in their organization's performance with an eye to increasing their position and influence within the business.

Technology will play a critical role toward a procurement organization achieving their ambitious goals. BuyerQuest will be demonstrating their industry leading Cognitive Buying capabilities at booth 207.

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As we've discussed previously, Cognitive Buying provides contextual, personalized interactions to the user through ingestion of unstructured data and by applying machine learning to how users process this data. Applying this to procurement, cognitive buying means that the buying experience will vary from user to user so that it’s uniquely suited for that particular person. Over time, this experience will improve as additional data is ingested and analyzed.

For procurement organizations, cognitive buying creates an environment with higher levels of adoption, and dramatic reductions in the overall purchasing process, for example. The quantitative impact is significant through the reduction of resources to manage and support purchasing as well as a measurable increase in spend under management.

If you are attending ISM 2017, visit our team of experts at booth 207 and learn how cognitive buying can transform your purchasing organization, helping you achieve your goals.

If you are unable to attend the event this year, but would like to learn more about cognitive buying and the ROI it can generate, visit our ROI calculator.

Topics: BuyerQuest News, BuyerQuest Software, Cognitive Buying

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