Recession proofing through AI and Chat: How Innovative Procurement is Improving Working Capital and Reducing Costs.

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Recession proofing through AI and Chat: How Innovative Procurement is Improving Working Capital and Reducing Costs.

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In this interactive session, Martin Rand, CEO and co-founder of Pactum AI and Paul Tonsager, Vice President of North American Procurement at Maersk will present how AI and Chat are revolutionizing the procurement industry. 

Thanks to technology, innovative procurement and supply chain departments can now deploy autonomous negotiations, i.e. where chatbots conduct negotiations without any human supervision with vendors. The result is a significant improvement in tail-spend contracts (between 3% to 10%), negotiations at scale that are not humanly possible (eg, 1000 negotiations per day) and increased supplier satisfaction. 

This session should be attended by leaders and decision makers in procurement who are looking to explore how AI and chat can 10X their business today. Attendees can expect to take away immediate actionable insights using AI negotiations which are being used by  leading companies such as Walmart and Maersk to their advantage.

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