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Low-value transactions, a high number of suppliers, the lack of cost baselines, no supplier negotiations. It has always been notoriously difficult to manage tail spend.
Until AI, especially generative AI, entered the picture. AI is simplifying the intake process, guiding users, initiating negotiations and streamlining communication — all without adding extra work for procurement or buyers.
In this GEP INNOVATE 2024 session, GEP vice president Joel Johnson shares AI-driven strategies and tools transforming tail spend management, along with real client success stories.
Key Discussion Points:
- Orchestrating the intake process and guiding buyers
- Leveraging autonomous negotiations and quick bids
- Advantages of the single aggregator model
If you’re looking for ways to rein in the tail, enhance user experience and reduce costs, watch this webcast now.
Theme: Procurement
