HOW SAP IS DRIVING PROCUREMENT EFFICIENCY

At its Sapphire 2024 event , SAP announced a new generative AI feature which lets buyers bundle products and services into a single transaction . Users will provide a description of their purchasing needs and the system will generate a recommended bundle of items and services ready for buying , saving users time searching catalogues for a specific item .

GEP UNVEILS INDUSTRY ’ S FIRST AI TOTAL ORCHESTRATION SOLUTION

GEP has launched an industry-first AI-driven total orchestration solution which will support procurement operations and supply chains globally . Its Chief Product Officer , Santosh Nair , said : “ in a few years , more than 80 % of procurement transactions will be executed by non-procurement business users ”.

12 August 2024