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The future of procurement: How Generative AI is rewriting the rules

Spend Matters

Its increasingly evident: GenAI is no longer a future concept; its already reshaping operations in real time. Traditional procurement teams continue to grapple with familiar, persistent challenges, such as manual data entry, siloed systems, outdated tools and limited visibility into spend categories or supplier performance.

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How to bring visibility and reliability to enterprise data

The Network Effect

Am I able to allocate supply in real time across my entire network to maximize revenues?”. Are we able to reduce our freight costs and maintain on time deliveries?”. “Do Do we have any opportunities to reduce inventories while simultaneously improving customer service levels?”.

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The Importance of Supply Chain Visibility for Procurement

NLPA (Next Level Purchasing Association)

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. Benefits of Investing in Supply Chain Visibility To address these challenges, businesses are increasingly turning to supply chain visibility solutions.

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Do the MRO trends of the 2004 Acres of Diamonds paper endure in 2025?

Procurement Insights

Based on the input from the 1998 Agent-based RAM platform, which featured self-learning algorithms within a nascent AI framework, confirmed prior research indicated that Indirect Material MRO products were prone to much greater volatility over time than Direct Materials.

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Collaboration in a shelf-connected supply network

The Network Effect

Network participants collaborate and plan in real time, eliminating latency related to both information flows as well as order lead times. If you’re impatient, I suggest you download the new white paper: Is your supply network really shelf-connected ?

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Visibility and Control is the key to Complex Spend Management

Claritum

Gaining Visibility and Control. Decentralised), the products having unique/custom requirements, and/or sensitive time-lines and quality standards that cannot be compromised. 3 Gaining Visibility and Control. How does an organisation gain visibility and control over a complex spend category? Introduction. Technology Hype.

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Who Did “AI Pick” As The Best Solution Provider For LCBO?

Procurement Insights

Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supply chain visibility, risk management, and flexibility in sourcing and logistics. Supply Chain Visibility and Risk Management 3. Here’s why: 1. Comprehensive Supplier Network 2.