The Hackett Group Inc., a prominent consultancy and executive advisory firm specializing in generative artificial intelligence, has unveiled its latest analysis on the procurement outsourcing services market through the Digital World Class® Matrix. The study highlights significant advancements in AI-driven procurement outsourcing, revealing a 46% boost in sourcing efficiency and automation, alongside a 23% improvement in purchase cost savings and cost avoidance. The report underscores the role of procurement outsourcing services in providing companies with flexibility, scalability, and the rapid adoption of cutting-edge, AI-enabled technologies. While traditionally limited to low-risk processes, these services are now delivering substantial value across a broader spectrum of complex purchasing needs. The comprehensive analysis is designed to assist procurement professionals in making informed outsourcing decisions that align with their strategic priorities and business objectives. A complimentary summary of the research is available for download with registration.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.