Cut Costs & Boost Efficiency – How GenAI is Revolutionizing Indirect Spend

 

Unlock the Full Potential of AI-Driven Procurement in IT, Marketing, and Customer Service

As businesses navigate financial instability and economic uncertainties, cost reduction is a top priority. While large budgets are often scrutinized, a hidden revolution is taking place in indirect spend—driven by Generative AI (GenAI).

GenAI is transforming professional services such as software development, marketing, and customer service, delivering 20% to 45% efficiency gains. Yet, many service providers fail to pass these savings on to their clients.

Want to ensure you benefit from AI-driven cost reductions? Download our latest Supply Management Insights magazine to discover how procurement leaders can optimize IT, marketing, and customer service spend with GenAI.

 

What’s Inside This Edition?

  • IT Development: Maximizing Efficiency with GenAI by evaluating service providers’ AI strategies
  • Marketing Transformation: AI as a Data Analyst & Creative Partner to maximize efficiency and reduce wasted ad spend.
  • Customer Service 2.0: The Chatbot Revolution – and how businesses can leverage savings

 

Ensuring You Capture AI-Driven Cost Savings

To maximize AI-driven cost savings, businesses must actively negotiate cost reductions that reflect AI-enabled efficiency gains. Continuous supplier screening ensures partnerships with AI-driven vendors for optimal value. Early adopters of AI-powered procurement gain a competitive edge through cutting-edge technology and cost efficiencies. Embracing these strategies positions businesses for innovation and long-term savings.

Icon - The article is part of our magazine issue "AI IN PROCUREMENT – next level solutions" In addition to the cover story, you will also receive the following articles when you download the issue:
  • AI in Procurement: How GenAI cuts through the complexity
  • Experts on AI: Melih Yener (BCGX)
  • Generative AI in the Healthcare Sector: Unveiling New Opportunities
  • Pick up speed: Optimizing indirect spend with GenAI
  • Untapped potential for Private Equity: From barriers to breakthroughs – Unleashing GenAI across portfolios
  • KGM Strategy Office Paris: Interview with Isabelle Pinto Carradine

 

Fill out the contact form to receive the magazine issue. You will then receive the entire issue by e-mail.


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