Procurement Magazine February 2023 | Page 83

AI AND AUTOMATION
“ NEW ETHICAL CHALLENGES WILL ARISE AS AI TAKES ON GREATER RESPONSIBILITIES IN PROCUREMENT PROCESSES , SUCH AS QUESTIONS AROUND AI EXPLAINABILITY AND TRANSPARENCY ”
DAVID DOYLE , CEO AND CO-FOUNDER , FORESTREET
increase supply chain diversity . Using such a broad dataset can remove proximity bias by including a wider range of options , and removes the need to rely on the opinion of a single group of experts .
“ The ability to rapidly identify and onboard an alternative vendor also provides the best defence against continuing disruptions . AI also helps de-risk the supply chain , by surfacing anomalies and problems with vendors earlier in the process , before time has been invested researching these options or before supply challenges occur .”
Of course , all of this leads to better , datadriven decisions made at pace , reduced inefficiencies and boosted innovation .
Common misconceptions about AI / Automation Most people construe AI and automation in terms of either Hollywood renditions or through the narrow windows of their proximate experiences . Not missing the opportunity to put the question about these
procurementmag . com 83