Gen AI is not just a buzzword but a pivotal technology reshaping how procurement functions operate and deliver value. In a rapidly evolving global market, procurement professionals face the dual challenge of managing complex supply chains and driving strategic value. Gen AI offers transformative solutions to these challenges, providing tools that enhance efficiency, drive innovation, and ensure resilience. Embracing Gen AI is not merely about adopting new technology; it’s about transforming how we think about procurement and unlocking new levels of performance and value.
In this edition, we emphasise the strategic advantages of integrating Gen AI in procurement, focusing on how it can enhance efficiency, improve supplier relationships, manage risks, and drive innovation within the organisation. The edition also has an annual survey conducted by Infosys Portland around the value that procurement delivers, including types of levers, various challenges, and customer expectations.
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Opinion
In an era defined by digital disruption and unprecedented market volatility, procurement leaders face mounting pressure to drive innovation, mitigate risks, and deliver sustainable value to their organisations. Amidst these challenges, Gen AI offers an opportunity for procurement professionals to enhance their strategic impact and navigate the complexities of modern supply chain management with agility and foresight.
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Generative AI holds immense potential to transform supplier diversity in sourcing and procurement. By harnessing Gen AI's capabilities, professionals can identify and engage diverse suppliers more effectively, streamline procurement processes, and achieve greater efficiency, innovation, and compliance.
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Annual Survey
With procurement leaders actively adapting, and using new tools and techniques to achieve increasing value, Infosys Portland is kickstarting its annual survey around the value procurement delivers to understand the multifaceted role of procurement and its impact on organisational success.
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