JOS JOOS
IVALUA | WHITEPAPER
AI can monitor news alerts, map intelligence to specific supply chains and flag likely tariffs and their potential impact to procurement teams – before they are even finalised.
Once tariffs are implemented, the technology’ s value becomes even more apparent in identifying and qualifying new suppliers.
Alex describes the dual capability:“ AI can help anticipate tariff-related disruptions by analysing news, social media and other channels, mapping it to your supply chain and informing you of the potential impact of tariffs. It can also help mitigate tariff-related disruption by helping quickly identify potential new sources of supply, assessing and even autonomously negotiating with new suppliers.”
The scale advantage of AI is particularly significant. From a monitoring perspective, AI-powered technology can track information across multiple sources and map it to suppliers across all spend categories – a task that would be practically impossible to complete manually.
“ Doing so across your entire supplier base would typically not be feasible without technology due to the time and broad sources of information involved,” adds Alex.
The data supports AI’ s transformative potential. In an Ivalua survey, 98 % of US businesses with fully-deployed AI tools said they felt prepared for geopolitical risk, with nearly half describing themselves as very prepared.
JOS JOOS
HEAD OF PROCUREMENT AND SUPPLY CHAIN
KPMG ADVISORY BELGIUM
Jos joined KPMG Advisory in 2014 and currently serves as Director in the Procurement and Supply Chain Advisory in Belgium. He has 20 years’ experience in management consulting services under his belt, mainly across procurement, supply chain and operations.