GEN-AI IN PROCUREMENT
ADOPTING AI RESPONSIBLY
A task force of more than 40 companies have contributed to the World Economic Forum ’ s new guidelines for the responsible use of AI in procurement .
GEP took a leading role in the project to develop a practical and comprehensive guide on how to apply artificial intelligence responsibly in the sector . The guide details how it can be applied to help optimise cost , resilience , efficiency and sustainability .
Key Findings
• There is currently very limited guidance on industry standard practice and ways to minimise organisational risks during adoption
• A procurement team needs to keep a high level of control to make sure AI tools deliver ethical , responsible and reliable solutions
• There is a role for various business functions in the deployment of AI solutions including product teams , IT , legal and procurement .
“ In the gold rush to apply AI to improve how companies source suppliers and manage global supply chains , there is a very real risk that organisations will dehumanise decisions and unintentionally ignore waste , CO2 emissions , and inequality , with devastating consequences to business , communities and the environment ,” explained Subhash Makhija , Chief Executive Officer and Co-Founder , GEP . be new ways to improve and optimise performance and outcomes . Rodrigo Liang , CEO at SambaNova Systems is excited about the powerful potential of real-time fine-tuning so they can better cope with new data .
“ Generative AI has often been criticised for tapping into old data to drive missioncritical results ,” he argues . “ However , the collaboration between hyperscalers and AI models will revolutionise the entire data analytics landscape , matching current data with real-time
110 February 2024