...

June 17, 2024

procurement governance and compliance

Governance in the Age of AI: Procurement Governance and Compliance

As companies increasingly integrate General AI (GenAI) technologies into procurement processes, they face unprecedented procurement governance and compliance challenges. Despite the burgeoning adoption rates of GenAI in procurement, specific policies governing procurement governance and compliance for GenAI remain nascent. According to McKinseyโ€™s 2023 Survey, one-third of surveyed organizations have incorporated GenAI regularly in at least [โ€ฆ]

Governance in the Age of AI: Procurement Governance and Compliance Read More ยป

Strategic Advantage of AI Sourcing Chatbot

Elevating Procurement: The Strategic Advantage of AI Sourcing Chatbot

TL;DR Generative AI is gaining momentum in procurement, with 50% of supply chain leaders planning adoption in the next year (Gartner). Sourcing chatbots streamline procurement tasks, offering real-time insights, automating communications, and reducing manual workload. Productivity and cost-efficiency soar with chatbots, as they automate RFIs, RFPs, and supplier management processes. Strategic benefits include better decision-making

Elevating Procurement: The Strategic Advantage of AI Sourcing Chatbot Read More ยป