Artificial intelligence and Machine Learning Change the Game for Procurement

#artificialintelligence

Artificial intelligence, machine learning and deep learning are everywhere, and they are ushering in momentous change, altering the way we shop for and consume goods and services in our personal lives. They are also having a tremendous impact on businesses -- particularly in the way that buying and selling get done. So what exactly are these technologies? Among the most promising and fast-developing applications of AI is machine learning. And just as its name suggests, it is where computers learn to perform tasks without having been programmed specifically to do them.


Artificial intelligence and Machine Learning Change the Game for Procurement

#artificialintelligence

Artificial intelligence, machine learning and deep learning are everywhere, and they are ushering in momentous change, altering the way we shop for and consume goods and services in our personal lives. They are also having a tremendous impact on businesses – particularly in the way that buying and selling get done. So what exactly are these technologies? Among the most promising and fast-developing applications of AI is machine learning. And just as its name suggests, it is where computers learn to perform tasks without having been programmed specifically to do them.


SAPVoice: Five Ways To Build Ethical, Sustainable Supply Chains

Forbes - Tech

Uncovering the risk hidden deep inside any supply chain is something every company's procurement department can and should do, every day of the year. Experts at a roundtable during the recent SAP Ariba Live event shared three ways buyers can build their company's ethical, sustainable supply chain. Procurement can have a massive impact on ethical supply chains provided they use the right data to act responsibly. "Consumers vote every day with the products they purchase, and so do corporations – except people in procurement are buying goods and services that are worth billions. It's a unique impact," said Emily Rakowski, Chief Marketing Officer at EcoVadis.


Accenture calls for action on the digital procurement revolution

#artificialintelligence

Accenture is a company passionate about digital procurement. In a recent report, the global management consultancy made no bones about the disappointment it feels at what it perceives as an almost industry-wide failure to embrace the technologies available for digitising procurement. It states that "procurement organisation has been largely left behind in the digital revolution. The report looks at how bots can be used to automate and streamline manual or routine procurement tasks, how making use of available expertise such as speaking to buying agents and advisors will help people make the best purchasing decisions and deliver optimal value to the business. Accenture specialises in helping procurement companies to digitise their business operations, and the report shows confidence that the familiar frustrations surrounding procurement today will give way to a simple and intuitive buying experience for users to enthusiastically embrace.


SAP Ariba Live event summary: Digital transformation in procurement

ZDNet

It's time for procurement to innovate and evolve, rethinking processes to incorporate digital transformation, customer experience, and culture change as core business imperatives. Last week, I spent time at Ariba Live, the user conference of SAP Ariba, which supplies procurement technology solutions to the enterprise. As I spoke with SAP Ariba customers and listened to presentations, the need for innovation in procurement emerged as a core theme. Procurement innovation should lead beyond cost-savings and efficiency. However, this goal can be elusive.