Generative Artificial Intelligence in Source-to-Pay
Generative AI is a revolutionary procurement technology that generates insights, recommendations, and content to enable smarter, faster sourcing, contract, and supplier decisions for early adopters to realise cost savings and process improvements.
Report Snap Shot
- Generative AI offers many opportunities across sourcing, contracting and supplier management to optimise processes and decisions.
- Early adopters may gain competitive advantages through faster, smarter procurement enabled by this technology.
- Companies should focus on high-impact uses, while also preparing their infrastructure, talent and leadership support for success with generative AI.