target audience: TECH BUYER Publication date: Mar 2024 - Document type: Tech Buyer Presentation - Doc Document number: # US51928124
Generative AI Use Case Taxonomy: The Procurement Function
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Abstract
This IDC Tech Buyer Presentation presents the potential application of generative AI (GenAI) in enhancing the procurement process. We review six key applications, including simulating scenarios and risks, personalizing user experiences, automating contract analysis, predicting supplier performance, streamlining approvals, and generating dynamic reports with AI-powered recommendations. GenAI can empower organizations to make informed decisions, optimize processes, and achieve greater cost savings and efficiency throughout your procurement journey.