AI’s Evolving Role in Procurement

In this SCMR podcast, Michael Levans, is joined Kristian O’Meara, Senior Vice President of Strategic Initiatives at Jaggaer in a conversation that puts context around all the excitement surrounding AI.

Audio Podcast
AI’s Evolving Role in Procurement
Recording Date
April 08, 2024
Duration
21:56 hrs:min:sec

Artificial intelligence (AI) has made a dramatic entrance into the procurement arena. As we’ve been reporting in Supply Chain Management Review (SCMR) and across all our supply chain titles, AI is no longer a science experiment. By all counts, it’s ushering in a seismic shift, and many analysts contend that it’s about to re-define procurement from the ground up.

In fact, SCMR has just shared some findings from a recent McKinsey & Company report stating that AI is helping to supercharge digital procurement transaction speeds by up to 40%. In the meantime, a recent Gartner study reveals that around 65% of procurement leaders are betting BIG on AI to sharpen their efficiency and decision-making prowess.

Michael Levans, and Group Editorial Director for Peerless Media’s Supply Chain Group, is joined Kristian O’Meara, Senior Vice President of Strategic Initiatives at Jaggaer in a conversation that puts context around all the excitement surrounding AI and its current and potential impact on procurement operations.

Audio Podcast
AI’s Evolving Role in Procurement
Recording Date
April 08, 2024
Duration
21:56 hrs:min:sec

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