Automation and digitisation can bring enormous benefits and savings to a business. AI in particular is making significant advancements and is proving highly beneficial for supply chains and procurement. AI can help analyse spending patterns and market data to generate predictive reports that identify cost-saving opportunities, such as headcount reduction, and potential supply chain risks.
Beyond cost savings, AI has the potential to revolutionise supply chain management in various sectors. This transformation includes improving demand forecasting, optimising inventory management, enhancing logistics operations, speeding up new product development cycles, and strengthening relationships with suppliers.