How Generative AI Is Revolutionizing Supply Chains

A MUST-READ FOR PROCUREMENT AND SUPPLY CHAIN LEADERS

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How Generative AI Is Revolutionizing Supply Chains

AI isn’t the future. It’s here, now.

Thirty percent of businesses have invested in AI. Another 57% will do it in the next 12 months*.

From demand forecasting to inventory optimization, risk mitigation to sustainability, AI is set to transform everything.

But here’s the secret: success will only come from strong human-AI collaboration, reveals this new Economist Impact report.

The report answers key questions for procurement and supply chain professionals, including:

What will the AI-powered future look like?
Where will AI create most value?
Impact on jobs and shift in roles
Key challenges and pitfalls to avoid

Featuring insights from: Steve Armato, vice-president at Amazon; A.K. Karan, global senior director at Baxter International; Christopher Tang, professor at UCLA, and others.

It’s a must-read for forward-thinking procurement and supply chain leaders looking to harness the power of AI to achieve transformative results.

Download your complimentary copy today.

*Economist Impact and GEP survey between January and March of 2024 of 400 executives in the U.S. and Europe who were familiar with their company’s procurement and supply chain operations.

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 1,000 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.