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The Transformative Impact of Ai on Procurement Excellence: a Technical Analysis

Year: 2024

Type: article

Abstract: This comprehensive article explores the transformative impact of Artificial Intelligence on procurement operations and strategic decision-making across global enterprises. The article examines how AI-driven solutions revolutionize traditional procurement processes through automation, predictive analytics, and data-driven supplier management. The article investigates the implementation considerations, technical requirements, and critical success factors for AI adoption in procurement. The findings demonstrate that organizations leveraging AI technologies significantly improve operational efficiency, cost reduction, and strategic value creation. The article also explores emerging trends, including the integration of blockchain, IoT, and advanced cognitive computing systems, highlighting their potential to reshape the future of procurement operations and supply chain management.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.14178697

Author: Researcher

Language: English

Topic: Impact of AI and Big Data on Business and Society

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W6912074397

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