The State of the Procurement Tech Stack
About this lesson
The story of enterprise procurement has always been a story, in part, of enterprise procurement technology. The varying ways enterprise procurement teams go about implementing, integrating, and correcting for the limitations of procurement’s paradigmatic tools have long represented key differentiators of enterprise procurement effectiveness. At the same time, procurement's struggle to get in control of its seemingly ever-sprawling technology environment has also long represented one of the function's most pressing universal challenges. The state of the procurement technology stack, then, has always been somewhat confounding. But now artificial intelligence and deeply integrated back-end orchestration technology promises to disrupt consensus even further—as well as further up the stakes of getting technology strategy right. This is both for the increasing costs of failing to build effective, cross-functional and cross-system procurement processes and for the unprecedented business potential of leveraging new technologies like AI and AI agents strategically. It all levels up to an unescapable fact: The state of the procurement technology stack is perhaps more complex and less stable than ever before. Earlier this year, Tonkean partnered with ProcureCon Research to conduct a single-phase, mixed-mode study of 300 enterprise procurement leaders designed to assess better understand how the world's leading procurement teams are navigating that complexity—and strategizing to seize the massive technological potential of our AI moment. Now, alongside SIG and RiseNow, we’ve revealed and analyzed our findings with an in-depth webinar: The State of the Procurement Technology Stack. Watch for first-of-its-kind insight into—and best-in-class industry analysis of—certain of the most pressing issues facing procurement today, including: * How should procurement leaders be managing for the pressures and complications that continue disrupting the function? * What familiar te
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