Without revealing actual details, have you been part of or witnessed a failed ProcureTech initiative? Please take a moment to respond to my poll, as I will use the results in an upcoming paper that I will share with the Purchasing & Global Supply Chain Professionals (PGSCP) group on LinkedIn.
ABOUT PGSCP
With 163,933 members, PGSCP is one of the oldest and first LinkedIn groups created for procurement professionals and the industry. You can check out the group using the following link: Purchasing & Global Supply Chain Group.
The group’s Founder, James E. Martin, has asked me to write a few articles and papers for the group’s membership, which I am more than happy to do.
Based on the results of this poll, the paper will also feature 10 CPOs who will assess the five most notable ProcureTech failed initiatives of the past 45 years and offer their take on why there is such a high generational failure rate. These CPOs will also highlight what they consider to be the three most common reasons for why ProcureTech initiative failures continue to happen from the early days of ERPs to today’s Agent AI technology breakthroughs.
- Gartner has been quoted (e.g., via VentureBeat or Pactera Technologies in 2019) suggesting up to 85% of AI projects fail due to issues like poor data quality or lack of management support.
- RAND Corporation’s 2024 research estimated that over 80% of AI projects fail, citing misalignment between leadership and technical teams.
- Based on the scope and industry, McKinsey and other sources often report AI failure rates between 70% and 85%. Data quality and scaling challenges are frequently mentioned.
ProcureTech Solution Provider Response
As a bonus, one ProcureTech solution provider has accepted my invitation to respond to how they would address the challenges listed by the 10 CPOs. In my next post, I will give a sneak peek into what some of the CPOs said are the main reasons for the ProcureTech initiative’s failure.
As a Procurement Insights reader, you will also have access to download the final paper, so please make your vote count.
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Procurement Insights
163,933 Procurement Professionals, A One-Question Poll, And One Willing ProcureTech Solution Provider
Posted on March 27, 2025
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Without revealing actual details, have you been part of or witnessed a failed ProcureTech initiative? Please take a moment to respond to my poll, as I will use the results in an upcoming paper that I will share with the Purchasing & Global Supply Chain Professionals (PGSCP) group on LinkedIn.
ABOUT PGSCP
With 163,933 members, PGSCP is one of the oldest and first LinkedIn groups created for procurement professionals and the industry. You can check out the group using the following link: Purchasing & Global Supply Chain Group.
The group’s Founder, James E. Martin, has asked me to write a few articles and papers for the group’s membership, which I am more than happy to do.
Based on the results of this poll, the paper will also feature 10 CPOs who will assess the five most notable ProcureTech failed initiatives of the past 45 years and offer their take on why there is such a high generational failure rate. These CPOs will also highlight what they consider to be the three most common reasons for why ProcureTech initiative failures continue to happen from the early days of ERPs to today’s Agent AI technology breakthroughs.
ProcureTech Solution Provider Response
As a bonus, one ProcureTech solution provider has accepted my invitation to respond to how they would address the challenges listed by the 10 CPOs. In my next post, I will give a sneak peek into what some of the CPOs said are the main reasons for the ProcureTech initiative’s failure.
As a Procurement Insights reader, you will also have access to download the final paper, so please make your vote count.
30
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