Ivalua study finds #GenAI adoption is on the rise, with more and more UK businesses deploying it in #supplychain and #procurement. - UK organizations that have adopted Gen AI tools have seen a 44% reduction in manual processes across the procurement and supply chain function - 54% of respondents believe Gen AI will improve efficiency and 61% agree harnessing Gen AI will also be key to effective spend management Read the full story here: https://lnkd.in/gwWHCKgs
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💡 Did you know that AI tools can reduce the time needed for procurement professionals to find the right suppliers by over 90 percent? Leveraging #AI, our tool is designed to simplify the supplier discovery process, enabling quick supplier identification and eliminating manual processes - all in minutes. As proof, our automated Topic Mosaic feature has uncovered 87 companies in the digital procurement and data providers space. Whether you're seeking new solutions or providers, from E-procurement to strategic sourcing and Procure to Pay - we've got you covered --> https://lnkd.in/ekzdGzyN #strategicsourcing #procuretopay #digitalprocurement #supplierdiscovery #vendordiscovery #sustainableprocurement #einvoicing #supplierdiversity
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Commercializing of AI in the Procurement domain indicates the market is ready for broader adoption.
GenerativeAI use cases in Sourcing & Procurement are plentiful. Here are a few tangible examples of how Generative AI can impact various digital procurement tools through some high-impact use cases. Deloitte's AIOPS.D is an alternate subscription based managed service with a microsolution portfolio that can be tailored based on demand.
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❗ Procurement teams & professionals, our team at Spend Matters is dedicated to keeping you at the cutting edge of AI in procurement, which means sharing how procurement leaders tackle today’s most complex challenges such as automation of routine tasks, bridging gaps created by existing software, and real-time communication. ✍ Learn all of this and more: https://lnkd.in/gKbBVfr4 #procurement #procuretech #procurementtechnology #AI #GenAI #APAutomation
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Want to mitigate supply risk? Want to discover credible suppliers easily? With #mjPRO, procurement professionals are conveniently discovering and adding suppliers to RFQ. Powered by AI, mjPRO offers intelligent supplier suggestions across numerous categories, from our robust base of 75000 verified suppliers. Watch here: https://bit.ly/3V0rzux to find out how mjPRO makes your procurement faster, eliminate supply risk and create a competitive edge. To know how mjPRO empowers high-performing procurement - [email protected] #procurementleaders #procurementmanager #artificialintelligence #ProcurementSystem #eProcurement #CloudAdoption #DigitalTransformation #SustainableProcurement
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Globality has been named the leader in autonomous sourcing in the prestigious Spend Matters 50 to Know List 2024. 🏆 Spend Matters says: "These are firms you need to know; they lead the charge on new procurement technologies and services, setting the industry standard. Vendors listed are independently selected by our analyst team over multiple rounds of debate, focusing on factors such as innovation, market presence, tech competency, and solution delivery." “Globality’s AI-powered platform transforms the sourcing process by facilitating effective competition, automating scalable processes, and delivering meaningful insights to make better decisions. “Its AI agent, Glo, provides comprehensive support from intake to award, covering intake and sourcing, supplier network, orchestration, powered with AI-enriched proprietary data. Glo effectively manages varied spend categories, including tail spend and strategic spend.” Read the full story here: https://lnkd.in/eDYhMbFA #AutonomousSourcing #Procurement #AI #50toKnow #SpendMatters
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In this series of articles, we explore the current state of AI in procurement technology, starting today with the Supplier Management (SxM) market
Meet AI in Supplier Management
spendmatters.com
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Ready to see how #GenerativeAI can transform procurement? Join our exclusive webinar, “A Day in the Life of Procurement with Gen AI” with Ivalua and Accenture. - Engage with real-life AI applications - Get insights into AI-powered solutions for sourcing and category management. - Learn actionable tips for integrating AI into your procurement processes Don’t miss this chance to get ahead. Register today: https://lnkd.in/eB2NHfuQ Sushil Krishna Srinivasan Christian Haase #Procurement #SupplyChain
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Our AI-driven spend management platform enables sourcing teams to elevate their impact, increasing efficiencies and savings while delivering better business outcomes. Visit www.globality.com to learn more about how your procurement org can move from back-office function to strategic driver of growth through means of AI-powered sourcing. #procurement #sourcing #AI #GenAI #SpendManagement
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It is great to work for the first and only AI-driven autonomous sourcing solution to be honored in the 2024 Spend Matters ‘50 to Know.’ We are not just setting standards, we're revolutionizing procurement #ai #artificialintelligence #automoussourcing #procurement #cpo Globality, Inc.
Globality has been named the leader in autonomous sourcing in the prestigious Spend Matters 50 to Know List 2024. 🏆 Spend Matters says: "These are firms you need to know; they lead the charge on new procurement technologies and services, setting the industry standard. Vendors listed are independently selected by our analyst team over multiple rounds of debate, focusing on factors such as innovation, market presence, tech competency, and solution delivery." “Globality’s AI-powered platform transforms the sourcing process by facilitating effective competition, automating scalable processes, and delivering meaningful insights to make better decisions. “Its AI agent, Glo, provides comprehensive support from intake to award, covering intake and sourcing, supplier network, orchestration, powered with AI-enriched proprietary data. Glo effectively manages varied spend categories, including tail spend and strategic spend.” Read the full story here: https://lnkd.in/eDYhMbFA #AutonomousSourcing #Procurement #AI #50toKnow #SpendMatters
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ProcureScape ecosystem partner Mercanis has quickly established itself as one of the leading sourcing suites. CEO and Co-Founder Fabian Heinrich explains how by leveraging #ai , #digitalization and #automation , the platform drives significant cost savings and has an impressively quick implementation period. 𝗧𝗮𝗸𝗲 𝗮 𝗹𝗼𝗼𝗸 👀 𝗮𝗻𝗱 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 https://lnkd.in/eaCZc3GJ #procurement #supplychain #purchasing #purchasingpower #costsavings #procurementtechnology #sourcingsolutions #sourcing #srm #supplierrelationshipmanagement #riskmanagement #compliance #supplierrisk Manuel Lopez Navarro
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