CIPS - AI in procurement and supply

Created By:  thumbnail Peter Thomas
Create Date: 05 Dec 2024
Last updated: 05 Dec 2024
Report

How automation will change your career and the function

Foreword

When we say AI Procurement, what are we talking about? For us at Posterity Global, it encompasses three key areas:

• Procuring and contracting for AI: Navigating the complexities of sourcing AI solutions, establishing robust contractual frameworks that work for all parties during and post delivery.

• Supplying AI: Developing and delivering cutting-edge AI tools tailored to the specific needs of organisations, their customers, users and funders.

• Using AI in procurement operations and contract management: Harnessing the power of AI to automate procurement tasks and optimise processes, gain strategic market insights, and ensure money is followed from start to finish.

This report expertly explores the challenges and opportunities that AI presents for procurement, from the need for new skills and a data-driven culture to the potential for enhanced efficiency, risk management and individual productivity. It also acts as a ‘primer’ for implementation, ensuring that organisations can adopt AI strategically and responsibly

Subject: AI