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Generative AI can transform procurement, says Roland Berger

27 Aug 2024 9:52 AM | Shivani Kaura (Administrator)

As the search continues for AI’s best use cases, a new report has suggested it could prove highly effective in the world of procurement. According to the report, generative AI in particular could have a key impact on strategic procurement functions.

With the world still in the grips of multiple supply chain crises, the role of technology has long been touted as a lifeline for the procurement function. Over the past 12 months, companies have turned to AI to automate processes, create content, and uncover new insights. But in the world of procurement, this can mean predicting disruptions long before humans can spot them or optimising inventory to meet fluctuating demand.

Read the full article of  Consultancy.uk here.

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