PEOPLE & TECHNOLOGY
“AS PROCUREMENT PROMOTES THIS NEW CULTURE OF TRANSFORMATION AND AGILITY , ITS PEOPLE MUST EMBRACE NEW SKILLS ”
to do more with less . Thanks to these enhancements , procurement teams will be able to focus more heavily on strategic value creation and problem-solving for the wider business . Modern solutions offer transparency and visibility throughout the process – especially when leveraging artificial intelligence ( AI ) – as they can also enhance decision making . Although there is a long-standing myth that AI can perpetuate bias , Globality ’ s platform , in fact , does the opposite and eliminates bias during the sourcing process .
“ A major problem with many procurement models is that a company ’ s budget owners simply use the same incumbent suppliers they have bought goods and services from for years ,” says Hausmann , “ which fundamentally reduces competition and potentially adversely impacts inclusion and innovation . To counter this , AI-powered sourcing advisor Glo uses natural language processing and machine learning to instantly match companies with the supplier that best fits their needs .” This enables procurement to become not only more agile and efficient , but also to ensure that the process leads to cost and time savings , compliance , and risk management .
AI : Complementing human activity According to Hausmann , “ AI is not replacing people – it is eliminating mundane tasks so that people can do their work more
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