ProcureCon Asia & Australia’s Post

Top 10 AI Tools Transforming Procurement & Supply Chain ✅️ The rise of AI is revolutionizing procurement and supply chain management. Here are 10 leading tools making waves in the industry: 1. Icertis (Contract Management): Company: #Icertis Top Customers: Shell, Boeing, Airbus Referrals: "Icertis' AI has streamlined our contract reviews and saved us countless hours." - CPO, Boeing 2. ScoutRFP (Sourcing & Negotiation): Company: #ScoutRFP Top Customers: Google, Uber, Zoom Referrals: "ScoutRFP's AI helped us identify new suppliers and achieve significant cost savings." - Head of Procurement, Uber 3. Kinaxis (Demand Forecasting & Planning): Company: #Kinaxis Top Customers: P&G, Coca-Cola, Colgate-Palmolive Referrals: "Kinaxis' AI forecasts are incredibly accurate, allowing us to optimize our inventory levels." - VP Supply Chain, P&G 4. Blue Yonder (Inventory Optimization & S&OP): Company: #BlueYonder Top Customers: Walmart, Mars, Unilever Referrals: "Blue Yonder's AI has helped us reduce our inventory holding costs and improve our service levels." - Director of Supply Chain, Walmart 5. Tradeshift (AP Automation & Supplier Management): Company: #Tradeshift Top Customers: AstraZeneca, Schneider Electric, Volvo Referrals: "Tradeshift's AI automates tedious tasks and allows us to focus on strategic supplier relationships." - Head of AP, Schneider Electric 6. Riskpulse (Risk Management & Compliance): Company: #Riskpulse Top Customers: Johnson & Johnson, Siemens, MetLife Referrals: "Riskpulse's AI helps us identify and mitigate supply chain risks proactively." - Director of Risk Management, Johnson & Johnson 7. X-ceptor (Invoice Processing & Automation): Company: #Xceptor Top Customers: DHL, FedEx, AIG Referrals: "X-ceptor's AI extracts data from invoices with incredible accuracy, saving us time and money." - CFO, DHL 8. Elemica (Supply Network Collaboration): Company: #Elemica Top Customers: Ford, GM, Chrysler Referrals: "Elemica's AI platform facilitates seamless collaboration between us and our suppliers." - Head of Supply Chain Collaboration, Ford 9. PROS (Price & Revenue Management): Company: #PROS Top Customers: Kellogg's, Pepsico, Kimberly-Clark Referrals: "PROS' AI helps us optimize pricing and revenue streams, leading to increased profitability." - VP Pricing, Kellogg's 10. Trax (Retail Execution & On-Shelf Availability): Company: #Trax Top Customers: Coca-Cola, Nestle, Unilever Referrals: "Trax's AI provides real-time insights into on-shelf availability, helping us improve product placement and sales." - Head of Sales, Nestle This list is a starting point, and the best tool for your organization will depend on your specific needs. What are your experiences with AI in procurement and supply chain? Share your thoughts in the comments! Enjoy? Like and share with your network. ♻️ #AI #technology #procurement #supplychain #scm #tools

Top 10 AI Tools Transforming Procurement & Supply Chain ✅️ The rise of AI is revolutionizing procurement and supply chain management. Here are 10 leading tools making waves in the industry: 1. Icertis (Contract Management): Company: #Icertis Top Customers: Shell, Boeing, Airbus Referrals: "Icertis' AI has streamlined our contract reviews and saved us countless hours." - CPO, Boeing 2. ScoutRFP (Sourcing & Negotiation): Company: #ScoutRFP Top Customers: Google, Uber, Zoom Referrals: "ScoutRFP's AI helped us identify new suppliers and achieve significant cost savings." - Head of Procurement, Uber 3. Kinaxis (Demand Forecasting & Planning): Company: #Kinaxis Top Customers: P&G, Coca-Cola, Colgate-Palmolive Referrals: "Kinaxis' AI forecasts are incredibly accurate, allowing us to optimize our inventory levels." - VP Supply Chain, P&G 4. Blue Yonder (Inventory Optimization & S&OP): Company: #BlueYonder Top Customers: Walmart, Mars, Unilever Referrals: "Blue Yonder's AI has helped us reduce our inventory holding costs and improve our service levels." - Director of Supply Chain, Walmart 5. Tradeshift (AP Automation & Supplier Management): Company: #Tradeshift Top Customers: AstraZeneca, Schneider Electric, Volvo Referrals: "Tradeshift's AI automates tedious tasks and allows us to focus on strategic supplier relationships." - Head of AP, Schneider Electric 6. Riskpulse (Risk Management & Compliance): Company: #Riskpulse Top Customers: Johnson & Johnson, Siemens, MetLife Referrals: "Riskpulse's AI helps us identify and mitigate supply chain risks proactively." - Director of Risk Management, Johnson & Johnson 7. X-ceptor (Invoice Processing & Automation): Company: #Xceptor Top Customers: DHL, FedEx, AIG Referrals: "X-ceptor's AI extracts data from invoices with incredible accuracy, saving us time and money." - CFO, DHL 8. Elemica (Supply Network Collaboration): Company: #Elemica Top Customers: Ford, GM, Chrysler Referrals: "Elemica's AI platform facilitates seamless collaboration between us and our suppliers." - Head of Supply Chain Collaboration, Ford 9. PROS (Price & Revenue Management): Company: #PROS Top Customers: Kellogg's, Pepsico, Kimberly-Clark Referrals: "PROS' AI helps us optimize pricing and revenue streams, leading to increased profitability." - VP Pricing, Kellogg's 10. Trax (Retail Execution & On-Shelf Availability): Company: #Trax Top Customers: Coca-Cola, Nestle, Unilever Referrals: "Trax's AI provides real-time insights into on-shelf availability, helping us improve product placement and sales." - Head of Sales, Nestle This list is a starting point, and the best tool for your organization will depend on your specific needs. ____ What are your experiences with AI in procurement and supply chain? Share your thoughts in the comments! Enjoy this? Like and share with your network. ♻️ Want more? Follow me.

See the future of #supplychain decision making. Meet Aera at #GartnerSC in Barcelona. Add our speaking session to your agenda & schedule a custom demo today: https://lnkd.in/gCMvW2BY Visit us at booth #316 for answers to your questions about #DecisionIntelligence and a firsthand look at the #AI for decision automation. Gartner Gartner for Supply Chain #DigitalTransformation #Procurement #Logistics #Sourcing

🚀 Procurement Services Landscape: The Convergence of Innovation, Experience, and Intelligence 🚀 In the domain of procurement, a paradigm shift is underway. As we navigate through the complexities of modern-day business operations, the spotlight shines brightly on services that are not just solutions but gateways to enhanced operational efficiency and customer satisfaction. 🔍 At the forefront, solutions like Accenture SynOps, Wipro CnNxt, IBM's Supply Chain Intelligence Suite, Tech Mahindra NXT.NOW, GEP Worldwide's SMART are redefining the landscape. These platforms are ingeniously situating their services around holistic solutions that cater to intricate procurement needs. The goal? To streamline processes, ensure agility, and foster innovation in the source-to-pay (S2P) cycle, ultimately elevating both the strategic and operational side of procurement to new heights. 👥 The focus is crystal clear – improving customer experience is paramount. In today's fast-paced world, businesses seek to not only meet but exceed expectations in every facet of the customer journey, especially within procurement operations. This is where the magic happens, transforming every touchpoint into an opportunity for value creation and positive impact. 🤖 But what truly sets the stage for unprecedented transformation is the integration of AI into these platforms. These technologies are at the heart of the revolution, driving service delivery to realms once thought unattainable. From predictive analytics to automated decision-making, from tail spend optimization to closed loop spend management, AI and ML are not just tools but catalysts for innovation, efficiency, and strategic foresight in procurement services. As we witness the convergence of these powerful ideologies, it's evident that the future of procurement is bright. The fusion of innovative solutions, a steadfast commitment to enhancing customer experience, and the groundbreaking capabilities are setting the stage for a new era of procurement services. Let's embrace this transformative journey, where innovation, experience, and intelligence converge to redefine what's possible in the world of procurement. 💡🌐 #ProcurementInnovation #CustomerExperience #AIinProcurement #DigitalTransformation #FutureOfProcurement  

Economists are proud of having tamed the recession and are confident of a successful soft landing. But the question supply chain leaders have before them is what next? Is this the time to switch back from resiliency to optimization? How much impact will Gen AI have on the way of doing business? Is it the gizmo to gain a competitive advantage? Learn more about what the future of supply chain holds for your business and get all your queries answers! Join us at Blue Yonder ICON 2024 to discover how Cognizant is helping clients transform and build the next generation cognitive supply chain. Know more: https://lnkd.in/eFGpm-29 #SupplyChain #Transformation #IntuitionEngineered #BY #planning #WMS #TMS

💬"In a recent McKinsey survey, CPOs highlighted three key problems... holding back their digital ambitions: issues with data quality and access, lack of clarity over the business case for new digital or AI applications, and difficulty driving adoption of the new tools at scale." Are these issues driving the demand we are seeing for #Fractional CPOs? 🤔🤔 Link: 👉Revolutionizing procurement: Leveraging data and AI for strategic advantage - https://lnkd.in/ezVcEG7M? #Strategic #Procurement #Leadership

💬"In a recent McKinsey survey, CPOs highlighted three key problems... holding back their digital ambitions: issues with data quality and access, lack of clarity over the business case for new digital or AI applications, and difficulty driving adoption of the new tools at scale." Are these issues driving the demand we are seeing for #Fractional CPOs? 🤔🤔 Link: 👉Revolutionizing procurement: Leveraging data and AI for strategic advantage - https://lnkd.in/ezVcEG7M? #Strategic #Procurement #Leadership

Complex supply chains DEMAND automation. A Gartner survey indicates #AI will dominate the industry's transformation by 2025. Here are 3 strategies to optimize your digital ROI 👇 Link: https://gtnr.it/3YGmQiZ #GartnerSC #SupplyChainTechnology #digitaltransformation #SupplyChainAI #AIinLogistics #IntelligentSupplyChain

The future of #supplychain decision making is here, now. Meet Aera at the Gartner Supply Chain Symposium/Xpo in Orlando. Schedule your custom demo at the event: https://hubs.li/Q02vX72V0 While you’re at the conference, come to booth #800 for answers to your questions about #DecisionIntelligence and a firsthand look at the #AI for decision automation. #GartnerSC Gartner for Supply Chain #DigitalTransformation #Procurement #Logistics #Sourcing

Gartner data shows that many supply chain and procurement leaders will implement GenAI this year. Gartner expert Noha Tohamy shares the expected benefits and top use cases in a new Supply Chain Dive article: https://bit.ly/486r5YB #GartnerSC #GenAI #SupplyChain #Procurement