Through the routine flow of commerce and day-to-day operations, enterprises accumulate vast troves of data often at a rate outpacing their ability to make sense of it all. So they rely increasingly on cloud-based networks to distill the information, detect meaningful patterns, and draw actionable insights to improve decision-making and counter disruption.
But what if AI could help businesses to automate their most time-consuming procurement and supply chain activities, not only through generative mechanisms but predictive ones as well?How much strategic value, previously tied up in tactical tasks, could enterprises unleash if business-to-business networks could reliably predict certain operational requirements and execute them autonomously? With the rise of cloud-based, intelligent applications, they’re beginning to find out — and, in the...
Where are AI-enhanced spend management solutions headed in years to come? Toward systems that can carry out end-to-end procurement, supply chain and logistics processes within parameters strategically set and overseen by humans. These cloud-based solutions are bringing us closer to an era of autonomous functionality, where AI-enabled applications reveal detailed insights, provide prescriptive recommendations, and unshackle talented procurement professionals from endless administrative burdens.
The trend toward autonomous procurement, supply chain and logistics processes represents a journey that different industries and personas will pursue from different directions and at varying speeds, embracing AI to reduce human labor for some activities while augmenting it in others.
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