5 Ways AI Can Improve Logistics Operations

November 25, 2024 | Logistics

Many logistics companies now leverage technology to streamline operations. They use it to get real-time visibility, automate tasks, design optimal routes and reduce wastage.

However, the recent advancements in artificial intelligence promise to completely transform logistics operations.

Sourcing Automation in the Age of Gen AI

November 12, 2024 | Sourcing Technology

Traditional sourcing methods are often slow, labor-intensive, and prone to errors. Automation in sourcing, powered by generative AI, is transforming the way procurement professionals work.

Automation in sourcing involves using AI to handle repetitive tasks such as supplier selection, contract management, and data analysis.

3 AI Adoption Pitfalls To Avoid in Procurement and Supply Chain Management

Read more about 3 AI Adoption Pitfalls To Avoid in Procurement and Supply Chain Management

While AI can revolutionize supply chain processes, the challenges are real. New research from GEP and Foundry pointed to three core hurdles to AI adoption — identifying valuable use cases, mastering data management and attracting skilled talent.

For actionable insights on how to leverage AI’s power and overcome these hurdles, download 3 AI Adoption Pitfalls To Avoid in Procurement and Supply Chain Management.

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Why Gen AI Poised to Change the Procurement Process

October 28, 2024 | Procurement Software

In the rapidly evolving world of supply chain and procurement, generative AI is already a game-changer, and more change is ahead.

At GEP INNOVATE 2024, industry leaders gathered to discuss the transformative potential of AI and generative AI, shedding light on how these technologies are transforming how enterprises operate.

How Procurement Can Embed AI in Operations With Low-Code Platforms

October 21, 2024 | Procurement Software

More and more executives are convinced that artificial intelligence is rapidly becoming critical to business success. Most (61%) enterprises are rethinking how to use data and analytics in the wake of AI, according to a Gartner study.

For procurement, the challenge is how to leverage AI to quickly turn insights and intelligence into action. Can procurement play a key role in embedding AI in business operations?

Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations. And They’re Already Here!

Read more about Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations. And They’re Already Here!

This paper explores what AI agents are, how they differ from Generative AI like ChatGPT with integrating reasoning, and how the agents will soon transform procurement and supply chains, bringing new capabilities into operations. The paper also details GEP’s multi-agent framework, and the solutions we will bring to customers beginning in 2025.

The Growing Role of AI in Accelerating Clean Energy Transition

October 01, 2024 | Energy & Utilities

As the world transitions from coal, natural gas and oil to renewable and clean energy sources, artificial intelligence is playing a crucial role in optimizing every aspect of the energy ecosystem — from generation to distribution to consumption.

The major uses of AI in energy transition include predictive analytics and forecasting, smart grid management, renewable energy integration and efficient energy demand response.

Still Exploring Use Cases? Here’s Where AI Can Make Real Impact in Procurement & Supply Chain

September 30, 2024 | Technology

Do businesses understand how they can make the best use of artificial intelligence?

No doubt, almost all of them recognize the transformative potential of AI.

But while some of them have already adopted this technology or plan to adopt it soon, others are still exploring its use cases.

And this is also the case with individual business functions such as procurement and supply chain.

Trending in CPG: How Generative AI is Redefining Procurement

September 02, 2024 | Procurement Software

CPG and retail procurement face a constant challenge to boost productivity and drive growth in a difficult marketplace. The fact they need to do this while also preserving margins, managing supply chain disruptions and balancing changing consumer expectations makes achieving those goals like hitting moving targets.

So, what trends should CPG and retail procurement teams keep on the radar to stay on top of industry trends to remain competitive?

Found Money: How AI Can Help CPOs and CFOs Unlock Free Cash Flow

Read more about Found Money: How AI Can Help CPOs and CFOs Unlock Free Cash Flow

Thanks to AI, procurement now has a whole new set of tools and capabilities. An important one is the capability to free up more cash for the company.

But how exactly?

GEP’s latest bulletin, Found Money: How AI Can Help CPOs and CFOs Unlock Free Cash Flow, highlights how AI-powered tools can give procurement teams the upper hand during supplier negotiations, maximize rebate benefits and optimize inventory. The bulletin makes a strong case for using advanced technology and analytics to unlock significant cost savings.

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5 Ways AI Can Improve Logistics Operations

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Sourcing Automation in the Age of Gen AI

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Why Gen AI Poised to Change the Procurement Process

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How Procurement Can Embed AI in Operations With Low-Code Platforms

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The Growing Role of AI in Accelerating Clean Energy Transition

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Still Exploring Use Cases? Here’s Where AI Can Make Real Impact in Procurement & Supply Chain

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Trending in CPG: How Generative AI is Redefining Procurement

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