Leveraging AI Into Procurement
Artificial intelligence is one of the hottest topics in technology, but it is still a relatively new opportunity for Procurement.
Often AI is talked about as a magic new solution to problems. Too often, talk is about future potential instead of business reality.
Artificial intelligence allows Procurement organizations to solve complex problems more efficiently or effectively using smart computer algorithms. AI can be embedded into a number of software applications from spend analysis to contract management and strategic sourcing.
Artificial intelligence has been a field of academic study since the 1950s, but only recently has it found concrete applications within Procurement functions. On a high level, AI is a broad set of new computer technologies with the ability to learn and adapt their behavior.
We will be discussing following questions during the chat:
Q1: How does AI support procurement today?
Q2: Should organizations drop AI into existing processes or change their processes to
Q3: Will advances in machine learning provide new product opportunities or will it make
existing processes better?
Q4: What will the role be for procurement professionals in the development of AI?
Q5: Where is the largest business case for AI in procurement over the next 5 years? AI,
machine learning or blockchain?
Log into your LinkedIn account, follow CPO Innovation Group, join us using #TSCT20 and comment your views on Leveraging AI Into Procurement with industry leaders from 03:00 PM – 04:00 PM IST on July 10, 2020.