Artificial Intelligence in Procurement – From Insight to Action

Artificial Intelligence (AI) is expected to have a more profound impact on humanity than electricity or fire, according to Google's CEO Sundar Pichai. In the manufacturing business heavy investments are being made in AI. It is predicted to affect every step within the supply chain process in future, enabling more efficient procurement activities than ever before. Numerous vendors already claim to operate with this intelligent technology. But the reigning buzzword is not always understood, used and promoted correctly, which leads to confusion both by buyers and sellers.