Watch: The Role of AI in Procurement Orchestration

Full Article

Artificial intelligence is revolutionizing procurement orchestration by aligning operations across the supply chain. Santosh Nair from GEP highlights that AI enhances data availability and intelligent execution, addressing the challenges faced by procurement organizations. Despite technological advancements, many still struggle with information silos that hinder effective decision-making.

AI enables users, from data analysts to executives, to interact with applications using natural language, simplifying complex processes. This technology can significantly improve contract compliance and streamline data management, allowing organizations to achieve better pricing and selection. The journey of AI in procurement is just beginning, with expectations for more use cases to emerge in the near future.

• AI enhances procurement orchestration by improving data accessibility and execution.

• Natural language processing allows users to interact with applications effortlessly.

Key AI Terms Mentioned in this Article

Procurement Orchestration

Procurement orchestration refers to aligning supply chain operations for better data availability and execution.

Natural Language Processing

Natural language processing enables users to interact with AI applications using everyday language.

Contract Compliance

Contract compliance involves ensuring adherence to contract terms, which AI can improve significantly.

Companies Mentioned in this Article

GEP

GEP specializes in procurement and supply chain solutions, leveraging AI to enhance orchestration.

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