THE TRANSFORMATIVE IMPACT OF AI ON PROCUREMENT EXCELLENCE: A TECHNICAL ANALYSIS
Keywords:
AI-Driven Procurement Transformation, Predictive Analytics In Supply Chain, Supplier Relationship Management, Procurement Process Automation, Digital Procurement Implementation Share and Cite:Abstract
This comprehensive article explores the transformative impact of Artificial Intelligence on procurement operations and strategic decision-making across global enterprises. The article examines how AI-driven solutions revolutionize traditional procurement processes through automation, predictive analytics, and data-driven supplier management. The article investigates the implementation considerations, technical requirements, and critical success factors for AI adoption in procurement. The findings demonstrate that organizations leveraging AI technologies significantly improve operational efficiency, cost reduction, and strategic value creation. The article also explores emerging trends, including the integration of blockchain, IoT, and advanced cognitive computing systems, highlighting their potential to reshape the future of procurement operations and supply chain management.
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Copyright (c) 2024 Arvindan Badrinarayanan (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
