EXECUTIVE INSIGHT
Intake and orchestration will also “ democratise ” the procurement process to make it more accessible , more transparent and , in some cases , more stakeholder-led , giving stakeholders autonomy for appropriate scenarios while maintaining procurement oversight and auditability .
Q . HOW WILL AI ENHANCE RISK MANAGEMENT IN PROCUREMENT ORCHESTRATION ?
» Orchestration and agentic AI will merge to create a new kind of risk management solution .
AI needs good data to act upon , but much of this data sits outside of the company with specialist data providers .
Orchestration will enable the consolidation and centralised analysis of many third-party data sources and then the ability to action those insights in the workflows or connected systems tied together by orchestration .
This is a perfect use case for agentic AI – providing a trigger , like a risk event , a regulation change , that can cause AI to gather information , for example , find risk provisions in a contract , start a remediation , e . g . schedule meeting with supplier , kick off a dispute resolution workflow and track completion or remediation of the risk .
Orchestration feeds AI and vice versa , creating a symbiotic relationship that improves procurement ’ s ability to respond to and mitigate risks .
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