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Month: August 2023

The Future of Sourcing and Procurement with Generative AI

Introduction Sourcing and procurement operations significantly drive a company’s success. According to Kearney, procurement’s cost share in revenue is 30% for service companies and 50% for manufacturing organizations. These vital functions directly impact an organization’s cost efficiency, profitability, and overall sustainability. As the global business landscape evolves and becomes increasingly competitive, organizations must address supply ...