July 5, 2024

Investments in artificial intelligence (AI), including generative AI (GenAI), are rapidly increasing, reflecting its growing importance in supplier management. By synthesizing vast datasets to deliver real-time and precise insights, GenAI is significantly enhancing critical decisions in supplier strategies. This transformative approach is setting new standards in managing supplier interactions, bolstering the accuracy and efficiency of […]

In the rapidly evolving world of procurement, the current state of GenAI adoption in procurement is reshaping how organizations manage and optimize their supply chains. According to a recent McKinsey report, approximately 45% of companies across various sectors have already integrated some form of AI into their procurement processes, with GenAI adoption marking a significant