Procurement Magazine August 2023 | Page 76

DIGITAL PROCUREMENT

E-PROCUREM IS HELPING DISMANTLE INFO SILOS

The need for procurement to be more strategic is seeing more automated solutions in areas such as supplier vetting and contract renewals
WRITTEN BY : SEAN ASHCROFT

Ongoing supply disruption and the prevailing climate of economic and geopolitical uncertainty means there has never been a greater need for procurement to be a strategic business function . This , in turn , is driving the adoption of AI and machine learning ( ML ) solutions in automating the less strategic aspects of procurement – which , traditionally , have been something of a time-sink for the profession .

76 August 2023