.jpg)
Sourcing and procurement processes in the supply chain have often been slow, hindered by inefficient systems and inconsistent processes. Artificial Intelligence (AI) and smart automation are delivering advances in many fields. Procurement, supply chain, and logistics organizations are increasingly recognizing that technology and automation have the power to drive much-needed efficiency and best-in-class quality.
Intelligent Sourcing Automation: What Is It?
Intelligent Sourcing Automation is a category of software that leverages intelligent systems to automate best practices in procurement, deliver the necessary speed and quality to scale, and elevate human experts to more strategic and creative work.
By allowing AI-backed automation to handle the mechanics found in supplier sourcing events and bid collection and analysis, human users are afforded the strategic advantage of establishing reliable procurement best practices that are much faster than competitors struggling with manual processes. It also helps them support more agile, resilient and optimized supply chains.
With the power of intelligent automation, new sourcing events can be launched in minutes and tasks across multiple events can be running simultaneously at different progress stages – with a machine managing the workload.
Sourcing Automation Rollout: Why It’s the Right Time
In this white paper, sourcing optimization software vendor Keelvar elaborates on key recent technological advances that permit this intelligent automation to be used across procurement spend categories including logistics, direct materials, indirect materials, and packaging. The white paper also explores:
- The accelerating pace of automated activities in procurement
- How complex sourcing activities can deliver significant strategic benefits using intelligent automation
- An explanation of the key steps in the path towards fully autonomous Level 5 automation sourcing systems
Please CLICK HERE to download the white paper.
