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Procurement and logistics are intrinsically tied. When they collaborate seamlessly, manufacturing costs stay within budget, production efficiency improves, and disruptions are minimized. Therefore it is vital to integrate AI into your procurement processes to enable procurement professionals to gain deeper insights into spending patterns using spend data, supplier performance, and cost-saving opportunities for added profitability. Here are some of the best AI Tools for procurement. -DocuSign Insight -TealBook -Stampli -Keelvar #Procurement #AI

As business leaders across all functions look for ways to deliver new productivity and efficiencies while trimming costs, our latest blog draws on the Gartner Quick Answer: How to Prepare for AI in Procurement to highlight the four key steps that CPOs and other sourcing leaders should take to benefit from the power of AI-driven technology. https://lnkd.in/eXEkujbN #procurement #sourcing #AI

As all companies assess how best to deploy AI-powered technology, our Co-founder and President Lior Delgo explains why procurement is the strategic choice that delivers not only immediate cost savings and operational efficiencies but also sets the stage for a holistic transformation across the organization. Read his full blog here https://lnkd.in/eJTenfS9 #procurement #sourcing #AI

10 Best AI Tools for Supply Chain Management (September 2024) - As we are well aware by now, artificial intelligence has emerged as a game-changing force in supply chain management. As organizations strive to navigate increasingly complex global networks, AI-powered solutions are providing unprecedented levels of visibility, optimization, and predictive capabilities.  This article explores some of the most innovative AI-driven supply chain platforms that are revolutionizing how companies plan, execute, and analyze their operations. From Blue Yonder's objective-led planning to C3 AI's enterprise-wide applications, these cutting-edge tools are empowering businesses to make data-driven decisions, mitigate risks, and drive operational excellence across their entire value chain. 1. Blue Yonder Blue Yonder, formerly […] - https://lnkd.in/ecUe4RMe

Procurement orchestration is taking center stage as a transformative approach for modern procurement functions. With the expansion of procurement responsibilities and a landscape filled with specialized tools, the need for a unified, intelligent workflow is more pressing than ever. Zip’s Executive Guide to Procurement Orchestration explores: ✅ The strategic value of a single front door for procurement requests ✅ How orchestration unifies fragmented systems across departments ✅ The role of AI and technology in creating a seamless, compliant, and efficient procurement process For executives and CPOs, this shift is about more than efficiency—it’s about positioning procurement as a strategic pillar that drives value across the organization. Join Cameron Hunter and Noah Blaff with Zip at CFOMeet Toronto on November 14th to discuss how Zip’s platform can help lead your organization into the next era of procurement! Register here! - https://lnkd.in/g7mq5uTU #CFO #Toronto #Zip #ProcurementOrchestration #CFOMeet2024 #StrategicProcurement #Innovation #AI #CFOMeet

For many years, companies have been actively investing in #procurementautomation. Learn how #procurement #automation will evolve, given AI's breakthrough growth, and how companies can start building elements of a hybrid procurement experience: https://buff.ly/47ApRpF

Join us as we explore the transformative power of generative AI in procurement! Discover how leading procurement executives and McKinsey experts are leveraging the ground-breaking technology to boost productivity, enhance efficiency, and drive innovation in their organization. Register now for the webinar on August 29➡️ https://mck.co/3WGBOGz 🕓 Option 1: 4:00 PM SGT / 10:00 AM CET 🕚 Option 2: 11:00 AM ET / 5:00 PM CET #genAI #sourcing #procurement #supplychain

Procurement orchestration is taking center stage as a transformative approach for modern procurement functions. With the expansion of procurement responsibilities and a landscape filled with specialized tools, the need for a unified, intelligent workflow is more pressing than ever. Zip’s Executive Guide to Procurement Orchestration explores: ✅ The strategic value of a single front door for procurement requests ✅ How orchestration unifies fragmented systems across departments ✅ The role of AI and technology in creating a seamless, compliant, and efficient procurement process For executives and CPOs, this shift is about more than efficiency—it’s about positioning procurement as a strategic pillar that drives value across the organization. Join Cameron Hunter and Noah Blaff with Zip at CFOMeet Toronto on November 14th to discuss how Zip’s platform can help lead your organization into the next era of procurement! Register here! - https://lnkd.in/g7mq5uTU #CFO #Toronto #Zip #ProcurementOrchestration #CFOMeet2024 #StrategicProcurement #Innovation #AI #CFOMeet

Strengthening AI tools and data could help procurement teams make faster, stronger sourcing decisions: > Using generative AI to automate category management can optimize spend and demand. > By looking at data from within and outside an organization, procurement teams can use AI to ascertain real-time transparency on patterns and trends in factors such as pricing, and can allow for an organization to negotiate with suppliers based on this information. > Developing digital dashboards that combine contract, invoice and supplier delivery performance can generate a comprehensive picture of how a supplier is stacking up to service-level agreements—or, whether it’s necessary to intervene to ensure the project is where it needs to be. Read more about how we believe AI can revolutionize procurement here: https://lnkd.in/gz45atgD #McKinsey #Technology #Data #Procurement #GenAI

With 2025 around the corner, now’s the time to sharpen your procurement strategy. Join us on August 28th for a deep dive with Art of Procurement into the latest research from 2024 and explore our 2025 predictions for how you can enhance your strategy with procurement orchestration next year. Staying ahead means understanding today’s priorities to confidently tackle tomorrow’s challenges. Featuring: Martin Ward, Digital Procurement Transformation at Roche Shachi Rai Gupta, VP of Strategy at ORO Labs What you can expect: 💡Tips for making strategic orchestration the key to procurement success 📶The automation connection: How to marry the power of automation with orchestration 🛫2025 predictions: The impact of generative AI on procurement orchestration Don't miss out on your chance to get ahead of 2025 planning — register now! https://hubs.li/Q02Lj8LG0 #Procurement #Webinar #DigitalTransformation #AI #Automation