Generating Value: Case Studies of Artificial Intelligence and Machine Learning in Procurement

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Generating Value: Case Studies of Artificial Intelligence and Machine Learning in Procurement

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Are you searching for practical applications in Artificial Intelligence (AI) and Machine Learning (ML)? Then this session is for you. Our presenters, sourcing practice and procurement technology leaders, will provide specific use cases for generating value through next-generation automation. Large Language Models (LLM) and systems can be trained on procurement nomenclature and legal vocabulary, reducing legal review costs and creating workflow efficiencies. By combining 3-way match automation with Intelligent Document Processing, leaders can expect to develop efficiencies in generating emails, summarizing discrepancies, and prioritizing cashflow or regulatory issues. Finally, leaders can increase their ability to meet reporting goals by applying AI and ML to their ESG practices, specifically monitoring third-party Scope 3 emissions and making predictions for diversity KPIs. Join this session to learn how.

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