Harnessing AI for Procurement

Unleashing the potential of AI in procurement and supply chain management

Integrating (Gen)AI into procurement operations empowers organizations to create more intelligent and efficient processes. As a transformative tool, it boosts productivity, speeds up decision-making, optimizes expenses, minimizes errors, and enhances planning and predictive capabilities across various functions.

 

What is our approach to enhancing procurement with AI?

 

Reveal Actionable Insights

 

 

By leveraging GenAI to structure unorganized data, we facilitate quicker, data-driven decisions and uncover opportunities for cost optimization.

 

 

Optimize Procurement Workflows

 

 

We elevate procurement from routine tasks to strategic contributions, ensuring supply chain resilience, cost efficiency, and a competitive edge.

 

Drive Digital Transformation

 

Equipping employees with advanced digital tools fosters innovation and accelerates the company’s journey toward a more efficient and digitally empowered future.

 

 

 

 

 

PROCUREMENT: TIME TO BE HONEST!

GenAI and Advanced Analytics

  • Develop strategies for AI in procurement and diagnose pain points
  • Identify the benefits and limitations of AI use cases
  • Outline data, technology, and AI and people requirements
  • Prioritize and prototype use cases based on their value and ease of implementation
  • Identify AI use cases with real ROI
  • Leverage KGM Strategy’s ready-to-use toolbox
  • Implement use cases that provide immediate savings opportunities and enable buyers to experience AI in action
  • Create a comprehensive roadmap
  • Build customized AI tools that integrate into the target workflow
  • Implement a new operating model that leverages the impact of these tools
  • Deploy and industrialize the use of these tools
  • Leverage efficiency gains in your supplier workflow as a negotiation lever
  • Re-evaluate make-or-buy decisions by incorporating more knowledge through GenAI technology
  • Conduct AI-focused value-engineering workshops with suppliers to identify efficiency gains
  • Continue to innovate and expand your AI capabilities

 

Our tools & solutions

Our GenAI-driven solutions transform every stage of the procurement value chain, delivering enhanced efficiency, cost savings, and strategic value:

Stages
  • 01 :
    Opportunity analysis

01 : Opportunity analysis

Opportunity Analysis Suite
  • Value Increase
  • Settings Optimization

Our AI and GenAI solutions quickly clean and harmonize millions of data points, delivering exceptional quality and unlocking valuable insights in minutes.

We enhance and categorize spend data using advanced AI, transforming raw inputs into actionable insights. Unlock deeper visibility into spending patterns for smarter, data-driven decisions.

Building on the previous steps, we leverage AI to uncover savings opportunities and pinpoint actionable levers for swift implementation. Enhance efficiency and unlock maximum value with intelligent, data-driven insights.

GenAI document intelligence
  • Settings Optimization
Extract, summarize, and interpret key information from contracts, RFPs, and other documents in seconds. Save time, reduce errors, and gain actionable insights with AI-powered document analysis.

02 : Value identification

AI Value Finder
  • Value Increase
  • Settings Optimization
Fully automatized & fast analysis of spend data with GenAI to identify potentials & levers for cost savings.
Opportunity Analysis Suite
  • Value Increase
  • Settings Optimization

Our AI and GenAI solutions quickly clean and harmonize millions of data points, delivering exceptional quality and unlocking valuable insights in no time.

We enhance and categorize spend data using advanced AI, transforming raw inputs into actionable insights. Unlock deeper visibility into spending patterns for smarter, data-driven decisions.

Building on the previous steps, we leverage AI to uncover savings opportunities and pinpoint actionable levers for swift implementation. Enhance efficiency and unlock maximum value with intelligent, data-driven insights.

Price Development Challenger
  • Value Increase
  • Settings Optimization

Our Price Development Challenger tool analyzes product costs by breaking them into categories like raw materials, production, and logistics, linking each to relevant indices such as a steel price index. By tracking index trends, it identifies whether a product’s price should have increased or decreased over time. This delivers rapid transparency, market insights, and highlights opportunities or materials for price negotiations.

GenAI document intelligence
  • Settings Optimization

03 : RFx & e-auctions

RfX co-pilot
  • Value Increase
  • Settings Optimization
Redefine the RFX process with intelligent AI guidance. Automate communication, streamline document creation, and optimize supplier interactions for a seamless procurement experience.
Offer analyzer
  • Value Increase
  • Settings Optimization
Optimize supplier selection by consolidating offers and identifying the most value-adding combinations. Leverage AI to make data-driven decisions and maximize cost efficiency.

04 : Negotiations

AI negotiation coach
  • Value Increase
Gain a competitive edge with tailored insights on negotiation levers and strategies. Empower your team with AI-driven recommendations for smarter, more effective negotiations.
GenAI contract analyser
  • Settings Optimization
Extract critical data points, compare contract terms, and receive actionable suggestions. Simplify contract analysis and ensure alignment with your objectives using AI.

05 : Savings tracking

AI spend guard
  • Value Increase
  • Settings Optimization
A fully automated purchase requisitions and approval workflow which leverages GenAI to provide tailored opportunities and procurement levers to reduce effort and increase procurement performance
KGM Strategy Implementation Insights – I3
  • Value Increase
  • Settings Optimization
Elevate project progress and savings tracking to the next level I3, our Power BI based project management offering.
  • Value Increase
  • Settings Optimization

 

Our latest insights on GenAI

LinkedIn pulse article 5 key skills to thrive in a GenAI-driven future 5 key skills to thrive in a GenAI-driven future

Article Procurement Trends 2025 Procurement Trends 2025

Expertise Advanced Analytics Advanced Analytics