It is “imperative” that procurement is at the heart of AI adoption, the World Economic Forum (WEF) has warned in a report published earlier this year. Unpacking the report here, is reporter with Supply Management magazine at Haymarket Business Media, Will Phillips, MA. Procurement is a “key enabler” in the adoption of artificial intelligence, and …
Why procurement will be the ‘key enabler’ for AI adoption Read More »
In this 3-part series, Marijn Overvest, founder of Netherlands-based company, Procurement Tactics, believes that in 2024, procurement will elevate business. In this article and over the next two issues of SmartProcurement News, he will take us through predictions and advice collected from procurement experts globally, to help professionals in the industry navigate the immediate future. …
11 Procurement Trends For 2024 According to Experts Read More »
Artificial Intelligence (AI) in procurement is growing in popularity due to the advancements in technology, writes Karen Bonifacio, SEO Specialist/ Content Writer at Procurement Tactics, in Utrecht, Netherlands. In this article, she answers key questions: what is AI and how does it change the procurement industry? Artificial intelligence is integrated into every device that is …
Risk is the focus of the 17th annual SmartProcurement World Indaba, South Africa’s largest, longest-standing event for procurement and inbound supply chain professionals, taking place from 11 to 14 September 2023 at Gallagher Convention Centre in Midrand, Gauteng. Announcing this year’s theme as “Do Risk Right!”, chief operating officer of organisers SmartProcurement , Debbie Tagg, …
Risk, ESG, AI, Public Sector Procurement On The Agenda Read More »
SmartProcurement asked Chat GPT (a Large Language Model (LLM) Artificial Intelligence that’s currently taking the world by storm) to tell us more about itself and what it can do for procurement professionals. The article that follows was written by Chat GPT in response to this question. Hey there! I’m Chat GPT, an advanced AI …
How Chat GPT Transforms Procurement … in its own words! Read More »
In our first article, CHAT GPT made some bold claims regarding its ability to support and enhance procurement processes. In this short video, Bernie van Niekerk, Editor of SmartProcurement, delves deeper into Chat GPT capabilities and through a conversation with this AI, illustrates its amazing abilities to support procurement processes and professionals. https://commerce-edge.com/tools-tips/practical-examples-of-utilizing-chatgpt-in-the-procurement-process/
Technology has always had a significant impact on supply chains. In 2023, it is going to be more important than ever as the “Great Supply Chain Disruption” continues to challenge organisations around the world, according to SAPICS (The Professional Body for Supply Chain Management in Southern Africa). War, raw materials shortages, rising energy costs and …
AI at the Centre of the Great Supply Chain Disruption Read More »
As businesses move further into the twenty-first century, the traditional procure-to-pay process will become increasingly outdated. In the coming decades, warns Dooka South Africa, companies will need to completely re-envision their procure-to-pay (P2P) process if they want to remain competitive. This article explores what the future of P2P will look like in 20 years, examining …
While the world is geared to embrace Artificial Intelligence, the facts show that Human Intelligence is not about to become extinct. Far from it, says Cape Town-based Chantal Kading, Executive Coach and Leadership & Talent Strategist. The skills of the future are not about more technology and hard skills. These are empty without soft skills. …
Can Artificial Intelligence be an unexpected ally for procurement and supply chain in Africa? Prof Johan Steyn, an Artificial Intelligence (AI) enthusiast aimed to answer that question for us at the recent SPW Indaba 2022. Digitisation and AI applications have been developed in the USA and Asia and are not always relevant to African markets, …
Artificial intelligence in procurement – are we ready? Read More »
