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

How AI can help companies in times of crisis
We selected four ways in which Artificial Intelligence can help reduce profit loss, and help your business exit the crisis even stronger than before. Read More
5 ways AI is used to fight COVID-19
We explain how AI has become one of humans’ ace cards in handling the COVID-19 crisis.Read More
Artificial Intelligence and the COVID-19 Black Swan
COVID-19 has been named a Black Swan, but it was predictable. Here is why and how.Read More
Who should be your AI project manager
We share some lessons we learned from running AI projects, on how to appoint the best person in charge of your new AI project managementRead More
5 key resources to get started with AI
Five online resources to help you learn AI and Machine Learning, whether you are a tech geek or simply just beginning to dive in the world of AIRead More
Short overview of Machine Learning techniques
In this article we cover four major types of machine learning techniques, we explain their applications and help you differentiate themRead More
Artificial Intelligence for price prediction
We explain what is price forecasting, how AI can help and what are the business benefits of AI for price predictionRead More
AI trends in 2020 : our selection
What can we expect from AI in 2020Read More
The state of AI in 2019: 3 discoveries you should know about
A collection of some of the great AI breakthroughs in 2019Read More

Our Experts

Nik Subramanian
CTO and founding partner at KantifyGet in Touch

News

Trophées Montaigne 2020 : Our CEO wins the Trophée ‘Enterprise'
Our CEO Ségolène Martin was awarded the Trophy Montaigne for the category ‘Enterprise'.Read more
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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