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AI in procurement: How different industries are harnessing its power

Spend Matters

Life sciences and healthcare: Enhancing supply chain visibility and compliance For life sciences and healthcare, procurement is a complex dance involving medicines, medical supplies and strategic services spread across a global landscape.

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Benefits of AI in Supply Chain!

Supply Chain Game Changer

How AI is Transforming Supply Chain Operations AI is rapidly changing supply chain operations by offering new capabilities that enhance efficiency and reduce costs. AI-powered solutions help optimize supply chain decision-making, enabling end-to-end supply chain visibility and sustainability.

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Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

When procurement fails to enforce contract terms such as agreed pricing or delivery schedules, those lapses can result in unexpected cost variances or supply delays. This, in turn, forces supply chain teams to re-allocate budgets, expedite shipments, or deal with stockouts, all of which impact margins and performance.

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Healthcare: Shortages, Tariffs, and Tech

Supply Chain Brain

Modern hospital pharmacies are expected to manage increasing complexity with fewer resources, tighter budgets and greater accountability. Applying Digital Transformation to Medication Management Nowhere is this transformation more critical than in medication management. Digital tools help shift that burden. In China, Tech Giants Already Have.

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A Provider/Practitioner Request For A RAM 4-Model Assessment* Of Certa.ai (RESULTS)

Procurement Insights

is best aligned with highly regulated, risk-sensitive, and supply chainintensive industriesespecially those facing rapid regulatory change, ESG mandates, and complex third-party ecosystems. Budget Constraints Odds of Success: 85% Why: Certa.ai Result: Lower success in Budget Constraints and Stakeholder Engagement.

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Three Questions to Consider Before Collaborating on Supply Chain Innovations

Supply Chain Brain

Kenco’s 2025 Supply Chain Innovation Survey found that one in four professionals now have $500,000 or more in their budget to incorporate new tools and technologies, and 39% have seen their budgets increase this year.

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Using AI Collaboration to Empower the Supply Chain Workforce

Supply Chain Brain

According to our 2024 report, Generative AI in the B2B Marketplace , 81% of B2B businesses are already investing in AI, with 79% anticipating increasing their AI budgets within the next year. Yet these same companies have the same anxieties about investing.