GenAI represents a powerful and versatile set of tools that procurement teams can use to automate and streamline many aspects of the procurement process.

Dear Readers, As organizations strive for greater efficiency, agility and innovation, GenAI is becoming an indispensable tool for managing the complexity of today’s supply chains and procurement processes. In our cover story, we look at how you can harness the transformative potential of Generative AI (GenAI) in procurement as a competitive advantage.
We also explore how GenAI is not only automating everyday tasks but also creating new opportunities across areas such as healthcare, PIPE and indirect spend. From predictive analytics to smarter supplier management, there are many possibilities.
GenAI represents a powerful and versatile set of tools that procurement teams can use to automate and streamline many aspects of the procurement process.
Generative AI powers a new generation of technology tools that will transform almost every aspect of how today’s procurement departments operate.
AI tools are particularly well-suited to produce more accurate demand and inventory forecasts based on quantitative input.
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