Supercharging Procurement with AI and Automation

AI and automation can add a huge amount of value to your organisation across all stages of the procurement process. Asked about the specifics, David Doyle, CEO and Co-Founder of Forestreet, says: “Firstly, AI can act as a force multiplier to the procurement team, shortening sourcing cycles and freeing up time to accelerate other activities.” Forestreet’s AI-driven SaaS platform enables realtime market and vendor discovery across geographies and languages, and Doyle is an expert in the field..

“The ability to rapidly identify and onboard an alternative vendor also provides the best defence against continuing disruptions. AI also helps de-risk the supply chain by surfacing anomalies and problems with vendors earlier in the process, before time has been invested researching these options or before supply challenges occur.”

Of course, all of this leads to better, datadriven decisions made at pace, as well as reduced inefficiencies and boosted innovation.

 SKYWAY

Unified Traffic Management (UTM) and Altitude Angel –alongside BT, EE and numerous other UK tech start-ups – to create procurement game-changer

 EUROPEAN UNION

EU establishes deforestation commodity due diligence rules, with palm oil, soy, wood, cocoa, coffee, beef and their derivatives to be tracked to reflect on company reputations

 THAILAND’S COCONUT INDUSTRY

Following their third investigation into Thailand’s cruel coconut harvesting practices using monkey labour, People for the Ethical Treatment of Animals (PETA) is calling on consumers to boycott companies who source coconut products from Thailand.

 THE UK GOVERNMENT

According to a recent article by Supply Management, the UK government is spending around £400,000-a-day to store unused personal protective equipment (PPE) bought during the COVID-19 pandemic.

U P D O W N

FEB 2023