TIMELINE
HOW AI
WILL IMPACT PROCUREMENT
Achieving extreme efficiency
Since the ancient Egyptians used scribes to manage the supply of materials when building the pyramids as far back as 3,000BC , procurement aimed to be efficient . But human error and lack of data meant errors and waste .
AI translates into extreme efficiencies that stone , papyrus and rolodex don ’ t allow for .
Identifying new fiscal opportunities
Do you remember the invisible gorilla test ? Participants were asked to watch a video of a basketball game and count the number of passes . Most of them missed the huge dancing gorilla that did a jig on the court .
AI has the power to solve this human ‘ inattentional blindness ’ by casting a wider cognitive net , creating revenue and savings opportunities .
Automating manual skills
Let ’ s be honest , procurement is full of so many mundane and time-consuming tasks such as monthly process detailing , performance reporting and yawn-a-yawnyawning .
AI can automate most of these processes so that teams can preserve their zest for more engaging tasks , putting their skills to better use .
14 February 2023