Why You Can’t Overlook AI Solutions in Supply Chains

September 29, 2023 | Supply Chain Software

Businesses of all sizes have had to deal with supply chain disruptions in recent times. With too many of these disruptions, they need a robust plan about how to effectively deal with supply-related risks. Along with this, they need to accelerate innovation, enhance customer experience and get end-to-end supply chain visibility all while keeping costs in check.

AI in Inventory Management: Decoding the Challenge

September 22, 2023 | Inventory Management Software

Managing inventory has always been a complex task for enterprises, with the need to constantly juggle stock levels to ensure products are available right when customers want them — and at the same time, minimizing holding costs. Inventory management has so far been based on historical data, some set rules, and at times gut feeling. But this approach has reached its saturation, showcasing its many limitations!

Adopting an AI-First Approach in Procurement: What, Why and How

Read more about Adopting an AI-First Approach in Procurement: What, Why and How

Procurement leaders must act fast to make AI the centerpiece of their strategy — everything from data-driven decision-making to strategic sourcing. While it is imperative to take an AI-first approach to get ahead, procurement pros must carefully navigate uncharted territory.

This GEP-Procurement Leaders webinar — Adopting an AI-First Approach in Procurement: What, Why and How — defines the steps to building an AI-driven procurement function.

Machine Learning in Demand Forecasting: Taming Demand Volatility

September 12, 2023 | Procurement Software

Within the complex supply chain management landscape, professionals grapple with a recurring challenge: the unpredictable fluctuations in product demand, known as demand volatility. This phenomenon has several origins, ranging from weather conditions to economic recessions.

The Rise of AI in Sourcing Technology

July 03, 2023 | Source to Pay

Traditional sourcing methods have relied on manual systems like spreadsheets and fragmented reports. These methods are slow and not equipped to handle the rapid pace of change in today's markets.

Now, with advances in sourcing technology, vast amounts of data can be processed in real-time, providing organizations with actionable insights to make strategic decisions.

Data analytics can help companies forecast market trends, prepare for potential disruptions, and optimize their procurement strategies.

6 Ways Generative AI Can Improve Supply Chain & Procurement Productivity

June 29, 2023 | Procurement Software

Generative AI tools such as ChatGPT and Bard are poised to become a game-changer for supply chain and procurement professionals. By using this technology, professionals can improve their efficiency and productivity, and make better decisions that will benefit their organizations. These large language models can be used to improve search capacity, automate tasks, identify patterns, and make predictions that would otherwise be time-consuming. The result? Significant savings in time and money, as well as improved decision-making.

Adopting AI Responsibly: Guidelines for Procurement of AI Solutions by the Private Sector

Read more about Adopting AI Responsibly: Guidelines for Procurement of AI Solutions by the Private Sector

It is socially and commercially necessary that organizations acquire AI solutions responsibly. In this paper, the WEF and GEP present a structured framework and assessment criteria to aid the end-to-end procurement of AI solutions.

ChatGPT and GEP: What the Integration with OpenAI Means for Procurement & Supply Chain Solutions

June 06, 2023 | Procurement Software

As generative AI starts to transform various aspects of procurement and supply chain, GEP has taken the lead in integrating OpenAI’s ChatGPT technology into its suite of software solutions.

How AI Can Help Identify and Accelerate M&A Synergy Opportunities

Read more about How AI Can Help Identify and Accelerate M&A Synergy Opportunities

AI, automation and advanced analytics are critical in determining if a potential acquisition will truly add value.

The Impact of ChatGPT on Supply Chain Efficiency and Agility

May 02, 2023 | Supply Chain Strategy

If there was any doubt about how artificial intelligence can change the business landscape, the launch of ChatGPT has proved to be decisive.

Businesses across industries are currently exploring how they can make the best use of this generative AI tool.

In fact, nothing perhaps is more important for a business today, considering the technology’s growing popularity as well as the extent to which it can impact (and simplify) business processes.

Subscribe to Artificial Intelligence

Latest Insight

Why You Can’t Overlook AI Solutions in Supply Chains

FEATURED POST

TAGS

AI in Inventory Management: Decoding the Challenge

FEATURED POST

TAGS

Machine Learning in Demand Forecasting: Taming Demand Volatility

FEATURED POST

TAGS

The Rise of AI in Sourcing Technology

FEATURED POST

TAGS

6 Ways Generative AI Can Improve Supply Chain & Procurement Productivity

FEATURED POST

TAGS

ChatGPT and GEP: What the Integration with OpenAI Means for Procurement & Supply Chain Solutions

FEATURED POST

TAGS

The Impact of ChatGPT on Supply Chain Efficiency and Agility

FEATURED POST

TAGS

Contact Us

Discover

Fresh Insights, Now on Your Phone

Stay Connected