SUPERCHARGING PROCUREMENT AI AND AUTOMATION

Aleksander Hajdas, Lead of JTI’s Procure-to-Pay (P2P) programme, on why P2P is so much more than just integrating procurement with accounts payable

WRITTEN BY: ILKHAN OZSEVIM

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 real-time market and vendor discovery across geographies and languages, and Doyle is an expert in the field.

“Utilising AI can also broaden the supply base, scanning and analysing more potential suppliers in a fraction of the time. This boosts innovation by surfacing more pioneering vendors. Commensurately, leveraging AI for supplier identification can