Procurement Magazine March 2024 | Page 25

TOP 10
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06

Global sourcing

A multinational organisation might have a supply chain comprising 10,000 or more vendors , this volume generates a mountain ofof data . By harnessing AI organisations can explore high-level sourcing strategies to identify shifts in global supply trends , as well as gaining insight into future trends , to help inform the wider sourcing strategy .

05

Anomaly detection

By applying AI technology to data management , procurement is able to gain greater visibility into anomalies . Receiving immediate notification of such anomalies and exceptions – and also being given suggestions on how to resolve issues – is a game changer .
AI can also be used for scenario planning , providing procurement leaders with end to end visibility .
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