6 Ways Generative AI Can Transform Procurement Now
Generative AI is a powerful data retrieval tool, but its true value goes beyond those capabilities. Think of this quickly evolving technology as a knowledge worker that will give your procurement function a huge boost in strategy, category management and other areas requiring human-like expertise.
It is time to pivot from AI's lofty promises to practical applications. Generative AI in Procurement: Exploring the Opportunities and Identifying Use Cases identifies six ways that procurement can implement AI.
Need some inspiration to get started? This valuable resource also includes strategies for identifying use cases and kickstarting your AI procurement journey.
- How AI can impact strategy and planning, category management and other areas across the procurement function
- How procurement can leverage AI for contextual understanding, adaptive learning and data monitoring to drive transformative benefits
- How an in-depth process analysis and carefully considered use cases can get your AI-first approach off on the right foot
An Action Plan for Procurement To Fast-Track Its AI Journey. Get It Now
About Us
GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value.
Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 550 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals.
A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters.
GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.
GEP SMART™ is an AI-powered, cloud-native software for direct and indirect procurement that offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
GEP NEXXE™ is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains.
Built on a foundation of big data, artificial intelligence and machine learning, GEP NEXXE is next-generation software that helps enterprises make supply chain a competitive advantage.
