Long-Term Investment in Procurement Technology Lays the Foundation for Gen AI Adoption
The Hackett Group, Inc. (HCKT)
Last the hackett group, inc. earnings: 2/18 04:05 pm
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Source: Business Wire
Latest Report Shows Digital World Class® Procurement Organizations Will Experience 54% Productivity Boost and 47% Cost Reduction MIAMI--(BUSINESS WIRE)--According to new research from The Hackett Group, Inc. (NASDAQ: HCKT), Digital World Class® procurement organizations can expect staff productivity to increase by 54% and process costs to be cut by 47% with the adoption of generative artificial intelligence (Gen AI).Procurement operating costs for typical companies have continued to escalate in the face of ongoing supply disruptions, inflation and new compliance requirements. However, due to their consistent focus on process optimization and strategic technology investment over the last several years, top-performing procurement organizations are better prepared to harness Gen AI than their peers.The research shows that despite the high operating costs prevalent in the industry, Digital World Class® procurement organizations excel at cost optimization, operating at a 21% lower cost
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- The Hackett Group to Ring NASDAQ Opening Bell Celebrating Acquisition of Gen AI Development Company LeewayHertz [Yahoo! Finance]Yahoo! Finance
- The Hackett Group to Ring NASDAQ Opening Bell Celebrating Acquisition of Gen AI Development Company LeewayHertzBusiness Wire
- Hackett: €1.3 Trillion in Untapped Working Capital Opportunity for European CompaniesBusiness Wire
- The The Hackett Group, Inc. (NASDAQ:HCKT) Third-Quarter Results Are Out And Analysts Have Published New Forecasts [Yahoo! Finance]Yahoo! Finance
- The Hackett Group Announces Joint Employee Learning AwardBusiness Wire
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