AI helps you make not just faster, but also better decisions. Here’s how you can use AI in your procurement process:
1. More Targeted Supplier Selection
AI enables you to quickly search for and shortlist suppliers based on your criteria, such as location, sustainability, pricing, or delivery time. You no longer need to manually sift through dozens of data sources—AI surfaces exactly what you need.
Your benefit: Faster insights into relevant suppliers and a better match with your procurement strategy.
2. Rationalizing Your Supplier Base
Do you work with too many suppliers and want to streamline to save time and increase negotiation power? AI analyzes your supplier data and shows exactly where consolidation is possible—without compromising your product range or delivery reliability.
Your benefit: Fewer suppliers, more clarity, and a stronger negotiation position.
3. Automatically Reviewing and Comparing Contracts
AI can scan your existing contracts and compare them against market rates, average delivery times, or your own procurement policies. If there are discrepancies or cost-saving opportunities, you’ll be notified right away.
Your benefit: Reduced risk of outdated agreements, faster renegotiation, and better margin control.
4. Validating Invoices Automatically
AI cross-checks incoming invoices against the agreed contract terms. Do the quantities match? Are the prices correct? Was the delivery frequency as agreed?
Your benefit: Faster processing, fewer errors, and instant alerts for deviations.
5. Monitoring Supplier Performance in Real Time
Is a supplier consistently delivering late? Are there recurring quality issues? AI detects patterns automatically and presents performance insights via dashboards. This allows you to take timely corrective action.
Your benefit: Continuous visibility into supplier reliability and better decisions at the right moment.
