How are self-learning systems transforming traditional procurement processes ?
Lior Delgo : Procurement specialists no longer need to spend hours or days writing long , detailed briefs that cover every possible sourcing scenario . Now , they can “ partner ” with an AI agent , trained over many years by procurement experts , to receive a personalised sourcing journey with instant access to all the information and insights they need . This is game-changing .
Michael van Keulen : Self-learning systems mean you can scan your contracts and the metadata is automatically looked at . You can start redlining based upon risk profiles or determine which limitations you need – which historically we ’ ve been doing one to one . Why don ’ t we harness the power of technology and the power of AI to prescribe these red lines ? It feels very logical , but the technology is not quite there , so we need to finally start innovating that technology up in the maturity curve .
Olivier Berrouiguet : It ’ s obvious that if you look at the way AI works , it ’ s going to change the way software is designed and the way a project is put together . This is simply because AI is really helping to manipulate data and information , making the decision process a lot faster , so it ’ s going to last forever .
It took around 20 years when cloud started and everybody was thinking it was going to be a massively public cloud and the big actors were going to dominate , whereas now we largely have a hybrid situation . I think it ’ s going to be the same with AI . So , at Synertrade , we have decided to take this data fabric model and put it alongside the execution of the software in order to offer a place where you can use different tools in a very flexible manner , just like the hybrid cloud – that ’ s our dream .
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The AI in Procurement & Supply Chain Panel at Procurement & Supply Chain Live London 2024
154 January 2025