Why Procurement needs AI today
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Procurement has yet to widely adopt AI, let alone use its full potential. For those who do, it easily pushes them ahead of the competition, streamlines their processes, and provides their decision-makers with a sharp competitive edge.
What's the role of AI in procurement?
Let’s clear up the AI mystique: intelligent algorithms are software solutions for upgrading processes. It’s quicker, more efficient, and solves human error. AI’s role within the procurement function is still relatively new, but its potential is clear to see.
How to discuss AI internally
Artificial intelligence may be a victim of its own hype. Leading AI professionals, explaining why 87% of AI projects never make it to production, admit that: “What we are short on is trust.” And as Brad Power writes in the Harvard Business Review, you’re not going to be able to reap the full benefits of AI if your employees don’t trust it enough to use it.
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Our latest procurement analytics news and insights.
Do you feel your procurement isn’t running optimally? Or that you can’t quite see the full supply chain picture?
You are not alone.
With a global supply chain serving its
bank note manufacturing facilities in six different countries, De La Rue manages over 2,000 supplier relationships. Until recently, supplier data was held locally and was hard to access, which severely limited
the procurement team’s reporting and spend management capabilities.
Leading AI procurement analytics platform
Ready to centralize your documents and data into one intelligent platform? Our AI will automate your time-consuming data processing, giving you clear data visibility, accelerating business critical decision making, and improving productivity.
