Introduction Most of us have encountered AI in the form of chat-based assistants, helping us answer questions or perform simple tasks. But the real potential of AI lies in creating “agentic processes”—workflows where AI agents handle specific parts of a process, streamlining and accelerating operations. Rather than taking over entire jobs or performing isolated tasks, […]
How AI is Driving 30% Cost Reductions in Key Procurement Categories
The evolution of AI has sparked transformative changes across multiple procurement categories. As technology amplifies productivity, procurement departments should be able to negotiate substantial cost reductions on these services, as vendors realize significant efficiency gains. Here’s how AI is reshaping these categories and why at least 30% savings should be on the table. 1. Creative […]
Four Cs of Procurement – How AI is impacting each
In our previous blog, we looked at Four Cs of Procurement. Something that procurement stands for and the journey it takes to go from simple cost management entity to something more integral and value add function. In the age of AI, we are going to look at how this journey can be enhanced or accelerated. […]
The Four Cs of Procurement: Evolving for Excellence
Procurement is the backbone of any organization, serving as the crucial link between suppliers and the company’s operational needs. Traditionally, the focus has been on cost reduction, but as procurement functions mature, they expand their focus to encompass compliance, providing easy buying options (Catalog), and convenience. These are the Four Cs of procurement: Cost, Compliance, […]
The Evolution and Democratization of Artificial Intelligence: From Turing to Today
From Turing’s tests to Today, AI’s evolution reflects a journey of ground-breaking shifts and democratization, heralding a new era of technological empowerment.
Why should Procurement learn AI?
Because procurement purchases things for the company and many categories are getting disrupted with AI. Fundamentally, procurement can thus make a 10x impact. Each requisition has to pass through – can AI do this question. Especially on services side.