One of the areas within the Supply Chain which has been revolutionised by AI is the Procurement Industry.
Systems have been developed to input data accurately and efficiently to reduce human error, enabling procurement teams to analyse the data with more advanced systems to predict areas such as spend, both long and short term. Organisations are utilising AI to benchmark data in order to ensure performance is being maintained and is on-track along with utilising algorithms which can analyse, and therefore identify, supplier risk.
Learn more from this fascinating blog from IoSCM: Five Ways AI Will Turbocharge Procurement