Top 10 uses for artificial intelligence (AI) in procurement

5 Sep 2023 9:30 AM | Shivani Kaura (Administrator)

Procurement Magazine takes a look at 10 of the top use cases for artificial intelligence (AI) in procurement including

Being a fast-paced and highly competitive market, procurement faces extreme pressure to deliver cost savings, manage risk, and ensure that they meet ESG standards. To ensure the function is agile in order to keep up with changing dynamics, artificial intelligence (AI) can transition the function from reactive to proactive and push data-driven insights.

With the emergence of Generative AI, the solution has sparked a surge in investment for the technology that is expected to value at US$2 trillion by 2030.

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