September 05, 2023 | Procurement Software
There is a tremendous opportunity to apply artificial intelligence (AI) to transform supply chain and procurement operations globally, uncover new value, decrease risk, automate processes and build competitive advantage.
In its September cover story, Supply Chain Digital Magazine sat down with GEP President and Co-founder Neha Shah to discuss what’s hype and what’s actually happening in the AI space.
Click here to learn more about how GEP's clients are breaking down AI technology into micro-steps and processes to gain tangible value across their global value chains and procurement.
GEP is at the forefront of responsible AI implementation and augmenting what companies are able to automate and gain greater real-time insights into global value chains and mitigate risk.
In this interview, Neha discusses how GEP is applying large language models to procurement processes and using proprietary data to see around corners.
“At a GEP level, it's AI, every day 24/7. When I think about AI, of course it's artificial intelligence. I like to think about it as augmented intelligence,” she says in the interview.
Drawing upon GEP’s 18-month work with the World Economic Forum, Neha also shares guidelines about applying AI responsibly in procurement to advance sustainability and diversity.
In this interview, Neha also discusses her company’s next challenge to continue to scale a fast-growing business while not losing its unique inclusive culture, attracting the best talent in the world and continuing to pivot as the world around us changes in this new era of generative AI.
On the growing importance of ESG in the procurement process, Neha talks about how GEP can help their partners in the age of sustainability and all forms of ESG, especially in reaching targets on climate change, decarbonization, water usage, human rights, and living wage.
Coincidentally, September’s Supply Chain Digital Magazine issue also includes an extension interview with GEP’s Senior Director of Consulting Jonathan Kinghan on new ESG requirements for global companies as part of the German Supply Chain Due Diligence Act (pages 100-104).
Jonathan summarizes the Act, detailing the penalties and actionable insights for every company operating in Europe.