How AI-Powered Industrial Procurement Services Bring Efficiency and Savings

December 31, 2024 | Procurement Software read

Industrial procurement has become a complex balancing act, requiring manufacturers to manage costs, ensure quality and adapt to rapid changes.

Finding reliable suppliers is critical, as poor choices can disrupt production.

Managing global sourcing and logistics adds complexity, with customs, trade rules, and shipping delays posing constant challenges. At the same time, cost management requires striking a balance between competitive pricing and maintaining quality amid market fluctuations.

5 Ways AI Can Improve Logistics Operations

November 25, 2024 | Logistics read

Many logistics companies now leverage technology to streamline operations. They use it to get real-time visibility, automate tasks, design optimal routes and reduce wastage.

However, the recent advancements in artificial intelligence promise to completely transform logistics operations.

Trending in CPG: How Generative AI is Redefining Procurement

November 16, 2024 | Procurement Software read

CPG and retail procurement face a constant challenge to boost productivity and drive growth in a difficult marketplace. The fact they need to do this while also preserving margins, managing supply chain disruptions and balancing changing consumer expectations makes achieving those goals like hitting moving targets.

So, what trends should CPG and retail procurement teams keep on the radar to stay on top of industry trends to remain competitive?

Still Exploring Use Cases? Here’s Where AI Can Make Real Impact in Procurement & Supply Chain

November 16, 2024 | Technology read

Do businesses understand how they can make the best use of artificial intelligence?

No doubt, almost all of them recognize the transformative potential of AI.

But while some of them have already adopted this technology or plan to adopt it soon, others are still exploring its use cases.

And this is also the case with individual business functions such as procurement and supply chain.

The Growing Role of AI in Accelerating Clean Energy Transition

November 16, 2024 | Energy & Utilities read

As the world transitions from coal, natural gas and oil to renewable and clean energy sources, artificial intelligence is playing a crucial role in optimizing every aspect of the energy ecosystem — from generation to distribution to consumption.

The major uses of AI in energy transition include predictive analytics and forecasting, smart grid management, renewable energy integration and efficient energy demand response.

How Procurement Can Embed AI in Operations With Low-Code Platforms

November 16, 2024 | Procurement Software read

More and more executives are convinced that artificial intelligence is rapidly becoming critical to business success. Most (61%) enterprises are rethinking how to use data and analytics in the wake of AI, according to a Gartner study.

For procurement, the challenge is how to leverage AI to quickly turn insights and intelligence into action. Can procurement play a key role in embedding AI in business operations?

Why Gen AI Poised to Change the Procurement Process

November 16, 2024 | Procurement Software read

In the rapidly evolving world of supply chain and procurement, generative AI is already a game-changer, and more change is ahead.

At GEP INNOVATE 2024, industry leaders gathered to discuss the transformative potential of AI and generative AI, shedding light on how these technologies are transforming how enterprises operate.

Sourcing Automation in the Age of Gen AI

November 16, 2024 | Sourcing Technology read

Traditional sourcing methods are often slow, labor-intensive, and prone to errors. Automation in sourcing, powered by generative AI, is transforming the way procurement professionals work.

Automation in sourcing involves using AI to handle repetitive tasks such as supplier selection, contract management, and data analysis.

3 AI Adoption Pitfalls To Avoid in Procurement and Supply Chain Management

Read more about 3 AI Adoption Pitfalls To Avoid in Procurement and Supply Chain Management

While AI can revolutionize supply chain processes, the challenges are real. New research from GEP and Foundry pointed to three core hurdles to AI adoption — identifying valuable use cases, mastering data management and attracting skilled talent.

For actionable insights on how to leverage AI’s power and overcome these hurdles, download 3 AI Adoption Pitfalls To Avoid in Procurement and Supply Chain Management.

What’s Inside:

Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations. And They’re Coming Sooner Than We Think!

Read more about Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations. And They’re Coming Sooner Than We Think!

The white paper examines how AI agents differ from generative AI, their role in procurement and supply chains, and how GEP’s multi-agent framework & solutions will streamline operations in 2025.

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How AI-Powered Industrial Procurement Services Bring Efficiency and Savings

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5 Ways AI Can Improve Logistics Operations

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Trending in CPG: How Generative AI is Redefining Procurement

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Still Exploring Use Cases? Here’s Where AI Can Make Real Impact in Procurement & Supply Chain

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The Growing Role of AI in Accelerating Clean Energy Transition

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How Procurement Can Embed AI in Operations With Low-Code Platforms

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Why Gen AI Poised to Change the Procurement Process

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Sourcing Automation in the Age of Gen AI

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