Generative AI in Procurement: A Brief Look into the Future of Procurement in the AI Era

Generative AI in Procurement: Brief Look to the Future of Procurement in the AI Era explores the transformative impact of Generative AI on procurement, redefining its strategic and operational dimensions. The book delves into AI-driven advancements across supplier management, contracting, invoicing, payment optimization, and demand forecasting. It highlights tools to enhance efficiency, sustainability, and value creation, addressing challenges like data readiness, ethics, and stakeholder alignment. Rich with industry-specific case studies, implementation strategies, and future trends, this guide empowers procurement leaders to harness AI for cost savings, risk mitigation, and innovation. A must-read for those shaping procurement's AI-driven future.