business functions

Procurement

Better negatiotiations and deals through AI

The role of Procurement Managers and Chief Procurement Officers is crucial as they are at the very core of companies’ supply chain. Over the past years, Kantify has been working with procurement leaders on various use cases, helping them to identify or achieve new sources of profitability.

In the operational arena, the combined use of RPA (robotic process automation) and AI (artificial intelligence) has proven to be an important efficiency lever. That is because there is large potential for automation in highly integrated, complex and globe-spanning value chains.

Integrating the use of AI and RPA in procurement process can create value in many ways, namely at the level of:

  • Management processes, such as employee management;
  • Core processes, capturing technology and category strategy, source-to-contract, project procurement, purchase-to-pay and supplier management;
  • Support processes, such as supplier risk management, contract and catalogue management and performance management;

The combination of big data and artificial intelligence results in more disruptive effects on purchasing by bringing efficiency in the value chain, including supply chain and sourcing.

In this section, we are presenting some of our procurement use cases, and sharing news of AI in procurement.

Use Cases

Automated Document Analysis
Automating document treatment using machine learningRead More
Fraud Detection
Detecting and preventing fraud through machine learningRead More
Personalized Recommendations
Recommending the right products or services to your customers or stakeholders using machine learningRead More
Price Prediction
Predicting prices of services, products and commodities through machine learningRead More

Insights

15 ways AI can help customer experience
We explain 15 ways in which AI can lead to intelligent, informed and smarter Customer Experience Management.Read More
Why companies increasingly use AI for their forecasts
One of our experts explains how AI changes the forecasting scene, comparing traditional methods to AI methodsRead More
RPA and AI will be commoditized productivity tools within 5 years
RPA is becoming one of the top tech trends availableRead More
Can AI Nudge Us to Make Better Choices?
Human behaviours are more predictable and sometimes influenceable that we would like to admit. AI can remove this factor and help us make better choices.Read More
Bringing human-like reasoning to driverless car navigation
MIT's latest paper gives insights on how driverless cars are getting closer to reality - by imitating humans.Read More
Embedding AI in Business
The CTIO of Accenture holds a podcast concerning implementing AI into your business.Read More
Hyperlearning in the chess world can teach business executives about AI.
This article uses the evolution of chess to show the true potential of the collaboration between human and machine.Read More
Total Plans to Use Artificial Intelligence to Cut Drilling Costs
Total builds a digital factory to screen geological data and identify new opportunities to save costs.Read More
Introduce enterprise AI and Robotic Process Automation in a human way
AI and Robotic Process Automation (RPA) create new types of career opportunities and removes routine aspect of jobs.Read More

Our Experts

Nik Subramanian
CTO and founding partner at KantifyGet in Touch

News

Joint publication with the European Pricing Platform
We are announcing today a joint publication with the European Pricing Platform, the leading organization gathering pricing professionals.Read more

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