CATEGORY MANAGEMENT
• Enable AI-driven spend analytics : Organisations should leverage realtime , AI-powered dashboards that continuously cleanse , classify and enrich spend data , providing instant visibility into cost drivers and savings opportunities .
• Adopt predictive demand forecasting : AI models analyse historical consumption patterns , economic indicators and supplier behavior to predict demand fluctuations – helping procurement teams anticipate inventory needs and optimise purchases .
• Enhance supplier relationship management ( SRM ): AI automates supplier assessments , continuously tracking risk , compliance and performance metrics while proactively recommending supplier collaboration and innovation opportunities .
• Empower teams with AI-powered decision support : Deploy conversational AI interfaces that allow category managers to ask procurement-related questions in natural language and receive instant , data-driven insights .
By embedding AI at every stage of procurement , organisations enhance visibility , streamline operations and improve supplier engagement , driving long-term value creation .
112 March 2025