Leveraging AI and Machine Learning for Smarter Procurement
Presenter: Robert Wright
In this CAUCUS Conversation, we will explore how AI and machine learning can be used to transform procurement. These cutting-edge technologies can automate tasks, analyze vast amounts of data, and generate valuable insights for our decisions.
The Conversation will provide you with an overview of key applications, including demand forecasting, supplier performance evaluation, task automation, and data analysis. Additionally, you will learn about vital considerations for successful implementation, including data quality, solution evaluation, and integration.
As a result of this session, procurement professionals will be equipped with the knowledge they need to leverage AI and machine learning for strategic and efficient procurement.
HOW YOU’LL BENEFIT
Automate repetitive procurement tasks such as invoice processing, purchase order creation, and contract management using artificial intelligence and machine learning.
Make data-driven decisions using the power of artificial intelligence and machine learning.
Improve collaboration between procurement and IT teams so AI and machine learning can be successfully implemented into existing procurement processes.
WHO SHOULD ATTEND
This Conversation is not to be missed if you are a sourcing manager, contract manager, vendor manager, or leader.