Illustration by Ryan McAmis
Summary.
AI is starting to play a major role in how companies negotiate with suppliers. These advancements are driven by the need for greater speed, scalability, and strategic agility due to increasingly complex supply chains and disruptions caused by external factors such as weather and trade wars. Once a cost-saving tool for automating low-value, repetitive negotiations, AI is now being used to make key decisions in procurement.
Read more on Supply chain management or related topic AI and machine learning