Smart Procurement Balances AI With 'HI'

It's hard to find an industry or line of business that hasn't been transformed by artificial intelligence (AI). Whether it's by automating routine processes, or extracting valuable insights from huge volumes of data, it's had a major impact on how every part of modern organizations operate. And procurement is certainly no exception. In the procurement department, AI has helped teams make a leap that's been decades in the making -- the shift from reactive to proactive decision-making. By processing continuous streams of market and category data in real time, AI has finally made it possible for procurement teams to stay ahead of emerging trends and turn them into opportunities, instead of just reacting to them as they happen.