Due to supply shortages and the need for real-time data, procurement and supply chain officials are seeking data-driven decision-makers and AI-powered insights to optimize their strategies. The time for a digital transformation is now.
Industry Insights
Technology advancements are initiating the digitalization of procurement and supply chain management. It is changing the way products and services are processed and delivered, and enabling new ways to share information.
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%
reduction in process costs via digital transformation
Hacket Group
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%
of executives believe AI will enable the creation of new products & services
The AI Journal
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%
accelerated negotiation cycles and cut costs through adoption of AI
Goldman Sachs
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%
of supply chain organizations will invest in AI and advanced analytics
Gartner
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%
of executives think that AI will make business processes more efficient
Goldman Sachs
0
%
of executives anticipate AI will help create new business models
The AI Journal
Data Management
How often is AI used in procurement and how does it impact the procurement process?
Procurement Intelligence Benefits
Leverage AI in Procurement and Supply Chain
- Mitigate risk
- Increase cost savings
- Improve ESG score
- Enhance productivity
- Connect systems for a single source of truth
- Instant insights for strategy formulation
