How is AI transforming procurement? Hear it here first:
Founder, CEO at Map-Collective | Multimedia Artist | Forbes 30 Under 30 | AACC 40 Under 40 | RISD Alumni Emerging Leader | Gold House Futures Network | Former Kramer Fellow from Georgetown MBA
In 2025, AI is going to significantly enhance procurement across industries, but human expertise is still crucial at this nexus to guide and maximize its impact. Here’s how 🤖 AI and 👧 humans can work together *today* to superpower their supply chain transformation: ✳️ Real-Time Supplier Risk Monitoring: AI can flag potential disruptions by analyzing news, market trends, and supplier data, but procurement teams must interpret these insights and take strategic action to mitigate risks. ✳️ Predictive Demand & Inventory Planning: AI can provide advanced forecasts, but humans must validate recommendations, align them with business priorities, and collaborate with suppliers to adjust procurement strategies in real-time. ✳️ Enhanced Supplier Selection & Performance Analytics: AI-driven insights can help identify top-performing suppliers, but human judgment is necessary to evaluate factors like relationship strength, ethical sourcing, and long-term business alignment. ✳️ Data-Driven Negotiation Support: AI can analyze market trends and suggest optimal pricing strategies, but procurement leaders must lead negotiations, leveraging AI insights to make informed decisions and build strong supplier partnerships. AI is a powerful tool, but human expertise in decision-making, relationship management, and strategic oversight is irreplaceable. The key to success? Businesses must integrate AI into procurement while ensuring that professionals stay actively involved in interpreting, refining, and executing AI-driven strategies. 🚀 #AI #Procurement #SupplyChainTransformation