AI In Procurement





What you'll learn
Understand the fundamentals and applications of AI in procurement
Be able to leverage AI-powered tools for sourcing, supplier management, spend analysis, and risk management
Gain insights into best practices for implementing AI and overcoming challenges
Be equipped to develop a robust AI strategy tailored to their procurement function
Stay informed on future trends in AI and procurement, positioning their organizations for long-term success
Requirements
No entry requirements
Description
AI, or Artificial Intelligence — we hear these letters more and more often, both at work and in our personal lives. Technology is evolving at a rapid pace, but skepticism remains about how much AI can actually achieve. Many companies market their software, promising magical AI solutions. But how much of it is real, and how much is just buzzword sales technique?In this course, we will clarify the facts. We will explore the theory behind AI and dive deeper into its practical applications within the procurement function.This course will blend interactive lectures and real-world case studies, and hands-on activities to give procurement professionals the knowledge and tools to navigate the rapidly evolving world of AI in procurement.Unlock the future of procurement with our AI in Procurement Mastery course! This comprehensive program equips you with cutting-edge knowledge procurement digitalization and AI-driven strategies. Learn how to optimize procurement operations, leverage advanced technologies, and drive real business results. Whether you're a seasoned professional or just starting out, this course will give you the tools to stay ahead in the fast-evolving world of digital procurement. Don't miss out—transform your procurement skills today and lead your organization into the future! Start learning today!
Overview
Section 1: Introduction to AI in Procurement
Lecture 1 Welcome and objectives
Lecture 2 What is AI?
Lecture 3 The Evolution of AI in Procurement
Lecture 4 Benefits of AI in Procurement
Section 2: AI-Driven Tools in Procurement
Lecture 5 AI in Spend Analysis
Lecture 6 AI for Supplier Management
Lecture 7 AI in Sourcing
Lecture 8 AI in Contract Management
Lecture 9 AI in Purchase-to-Pay (P2P) Automation
Lecture 10 AI in Risk Management
Lecture 11 AI and Data-Driven Decision Making in Procurement
Section 3: Case Studies Of AI and Success Stories
Lecture 12 AI-Driven Spend Analysis at the FMCG company
Lecture 13 Technology conglomerate and RPA validating Tax
Lecture 14 Multinational company and AI-powered supplier scouting
Lecture 15 Brewing company: AI for Raw Material Sourcing
Lecture 16 Autonomous Procurement at the Telecommunication company
Section 4: Overcoming Challenges in AI Adoption
Lecture 17 Why AI Fails and Best Practices for AI in Procurement
Lecture 18 Asking the Right Questions to AI Software Providers
Lecture 19 Developing an AI Strategy for Your Procurement Function
Lecture 20 Ethical Considerations in AI for Procurement
Lecture 21 Building an AI-Ready Procurement Team
Section 5: AI Future and Summary
Lecture 22 The Future of AI in Procurement
Lecture 23 Summary
Whether you're a seasoned professional or just starting out, this course will give you the tools to stay ahead in the fast-evolving world of digital procurement




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