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What is the role of AI and automation in modern supplier management

ud83dudd0d AI & automation are transforming supplier management! Optimize costs, enhance transparency & improve negotiations with AIMDRIVE-AI. ud83dude80ud83dudca1<br><br>ud83dudc49 Read more: https://medium.com/@AIMDRIVE-IT/what-is-the-role-of-ai-and-automation-in-modern-supplier-management-7a9b068cf34b<br>ud83dudd17 AIMDRIVE-AI: https://aimdrive.com<br>#AI #Automation #Procurement #SupplyChain #CostOptimization

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What is the role of AI and automation in modern supplier management

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Presentation Transcript

  1. Q &A

  2. WHAT IS THE ROLE OF AI AND AUTOMATION IN MODERN SUPPLIER MANAGEMENT?

  3. AIMDRIVE-AI SOLUTION: AI and automation play a pivotal role in modern supplier management by enhancing efficiency and transparency. AI tools like AIMDRIVE-AI (https://aimdrive.com/), provide price analysis and cost analysis through Should Cost Models, enabling businesses to evaluate supplier quotes accurately and negotiate better terms. Automation streamlines processes like supplier performance monitoring, contract management, and price benchmarking, reducing manual effort and errors. Together, AI and automation help businesses build stronger supplier relationships, optimize costs, and ensure a resilient supply chain.

  4. AIMDRIVE-AI SOLUTION: · Cost Analysis: AI tools analyse cost structures and provide actionable insights for cost reduction.

  5. AIMDRIVE-AI SOLUTION: · Price Analysis: AI compares current prices with market averages and historical trends, helping businesses identify savings opportunities and negotiate better deals.

  6. AIMDRIVE-AI SOLUTION: By leveraging AI-powered tools like AIMDRIVE-AI (https://aimdrive.com/), procurement teams can streamline operations, reduce costs, and drive business growth.

  7. AIMDRIVE-AI SOLUTION: ? AIMDRIVE-AI: https://aimdrive.com/ AIMDRIVE-AI

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