Procurement moves at AI speed

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AI in Action

IBM

34 episodes

1 day ago

AI in Action explores what it takes to put artificial intelligence into action across a rapidly evolving business and tech landscape. Each episode focuses on responsible AI implementation and real-world business challenges, examined through a practical use case lens.

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Management

Technology,

Business

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Procurement moves at AI speed

AI in Action

32 minutes

2 weeks ago

Procurement moves at AI speed

Explore the podcast → https://ibm.biz/BdbYhM

Learn about AI agents for procurement → https://ibm.biz/BdbYhS

Procurement is stepping into the future with AI. In this AI in Action episode, expert Daniel Barnes chats with David Levy about how agentic AI is shaking up procurement, which has long been stuck in spreadsheets and slow processes.

Watch the episode to understand how AI is pulling insights from contracts, vendor documents and other datasets, empowering procurement teams to make smarter, faster decisions. Also, learn how some companies are stumbling by trying to AI everything at once. Companies need to understand that the smart move is to start small and then scale up.

0:00 - Intro

02:14 - Data management in procurement

08:45 - How agentic AI has changed procurement

13:10 - How AI and data are redefining vendor evaluation

17:17 - Getting CPOs started with the right technology

23:54 - The rise of agentic negotiators

26:37 - Risks of ignoring AI-driven procurement opportunities

The opinions expressed in this podcast are solely those of the participants and do not necessarily reflect the views of IBM or any other organization or entity.