Streamlining supply chains with AI
A skier on a steep slope as a metaphor for cost reduction
Reduce costs
By optimizing operations and leveraging technology, businesses can lower expenses, staying competitive in complex markets.
Build resilience
Faster, data-driven decisions empower companies to adapt quickly, ensuring stability and growth in uncertain environments.
Accelerate digital transformation
Empowering employees with digital tools accelerates innovation, driving the company’s transition into a more efficient digital future.
Revolutionizing Procurement with GenAI
Discover how Generative AI is transforming procurement by enhancing supplier selection, automating routine tasks, and driving smarter, data-driven decisions. This issue explores cutting-edge strategies to leverage GenAI, streamline processes, and stay ahead in a competitive landscape. Don’t miss out on how AI is shaping the future of procurement.
Harness the power of AI to boost efficiency
In today’s rapidly evolving procurement landscape, staying ahead of the competition is more challenging than ever.
AI technology has the potential to revolutionize procurement processes from the ground up. Despite this, many organizations are struggling to fully exploit these opportunities effectively. Challenges – such as large (and growing) volumes of unharmonized data from different sources, inadequate data transparency, and a lack of expertise in identifying and utilizing procurement-relevant cases – often hinder their progress.
Addressing these issues is essential for organizations to harness the full power of these technologies. When successfully integrated and utilized, AI and advanced analytics can provide faster time to insight, data-driven decision making, automatic identification of cost-saving opportunities, and increased accuracy and reliability in procurement processes.
GenAI Use case Collection along the sourcing value chain
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01 :Opportunity analysis
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02 :Data classification
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03 :Value identification
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04 :RF & e-auctions
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05 :Negotiations
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06 :Progress Tracking
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07 :Savings tracking
01 : Opportunity analysis
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Auto QA Suite
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Savings radar
Knowledge Navigator
Supplier Risk Management
Procurement Knowledge Manager
GenAI document intelligence
02 : Data classification
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Auto QA Suite
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Aenean eu leo quam. Pellentesque ornare sem lacinia quam venenatis vestibulum. Vivamus sagittis lacus vel augue laoreet rutrum faucibus dolor auctor.
Aenean eu leo quam. Pellentesque ornare sem lacinia quam venenatis vestibulum. Vivamus sagittis lacus vel augue laoreet rutrum faucibus dolor auctor.
GenAI document intelligence
03 : Value identification
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Auto OA Suite
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Central Procurement Intelligence Agent
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GenAI Spec Advisor
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Supplier Scouting
GenAI document intelligence
04 : RF & e-auctions
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RfX co-pilot
Offer analyzer
Tender assistant
05 : Negotiations
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AI negotiation coach
On Demand Negotiation Specialist
GenAI contract analyser
Supplier Contract
GenAI document intelligence
06 : Progress Tracking
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Executive Summarizer
07 : Savings tracking
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AI spend guard
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Value Increase
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Settings Optimization
Our AI solutions and methodologies
- Develop strategies for AI in procurement and diagnose pain points
- Identify the benefits and limitations of AI use cases
- Outline data, technology, and AI and people requirements
- Prioritize and prototype use cases based on their value and ease of implementation
- Identify AI use cases with real ROI
- Leverage INVERTO’s ready-to-use toolbox
- Implement use cases that provide immediate savings opportunities and enable buyers to experience AI in action
- Create a comprehensive roadmap
- Build customized AI tools that integrate into the target workflow
- Implement a new operating model that leverages the impact of these tools
- Deploy and industrialize the use of these tools
- Leverage efficiency gains in your supplier workflow as a negotiation lever
- Re-evaluate make-or-buy decisions by incorporating more knowledge through GenAI technology
- Conduct AI-focused value-engineering workshops with suppliers to identify efficiency gains
- Continue to innovate and expand your AI capabilities
Our GenAI experts
Our latest insights on GenAI
