H&Z
H&Z Management Consulting - Consulting with head, heart and hand
21/10/2024

Generative AI in Procurement: First Use Cases

Generative AI is reshaping procurement, offering innovative solutions that enhance productivity, decision-making, and strategic value. Our new briefing paper, GenAI in Procurement: First Use Cases, reveals how AI-driven solutions are transforming operations, helping procurement professionals streamline tasks and focus on high-impact activities.

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Transforming Towards Digital Procurement

As procurement continues to evolve, the integration of GenAI is no longer a future concept—it's happening now. With over 40 practical use cases already delivering measurable results, from supplier management to risk assessment, GenAI is unlocking new efficiencies at every stage of the procurement process. 

 

 

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This briefing paper explores how GenAI is transforming procurement by enhancing supplier relationships, automating contracts, and optimising risk assessments, empowering teams to work smarter and more strategically.

Why GenAI?

 

Studies show that Gen AI can significantly boost productivity, with up to 40% less time spent on repetitive tasks and a 30% increase in decision-making speed. Discover how GenAI can transform procurement processes and drive efficiency in the briefing paper.

 

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Use Cases You Will Explore

 

Our briefing paper covers a range of use cases that show how GenAI is already delivering value across procurement processes:

 

Supplier Onboarding & Discovery

Automatically match procurement needs with qualified suppliers and onboard them efficiently.

Contract Creation & Evaluation

Speed up contract generation and risk assessment with AI-driven automation.

Predictive Analytics

Leverage AI to predict demand, identify supply chain risks, and optimise sourcing strategies.

Generative AI in Procurement: First Use Cases

Explore Use Cases

Why H&Z?

H&Z

At H&Z, we combine deep procurement expertise with cutting-edge AI capabilities. Our unique "Head, Heart & Hand" approach ensures sustainable transformations, helping businesses unlock the full potential of AI in procurement.

 

Tailored AI Strategies: We create GenAI strategies tailored to your organisation’s maturity and goals.  

 

Building Competencies: Equip your team with the skills and knowledge they need to implement and leverage GenAI successfully. 

 

Proven Results: We help clients increase productivity, reduce costs, and make faster, more informed decisions. 

Get the Briefing Paper to Learn More About GenAI in Procurement

 

Discover how GenAI can transform your procurement processes. Download our briefing paper, GenAI in Procurement: First Use Cases, for actionable insights and practical steps to start integrating AI into your operations.

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Download the Document & Start Your AI Transformation

Submit your details to download the briefing paper and join a community of forward-thinking procurement leaders. 

Our Experts for GenAI in Procurement

Richard McIntosh

Richard leads H&Z's UK business with over 25 years of expertise in procurement transformation and cost reduction. 

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Richard Mcintosh

Jens Danneil

Jens specialises in procurement transformation and cost optimisation, helping businesses improve efficiency and supply chain performance across various industries.

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Jens Danneil

Sven C. Schumacher

Sven Schumacher, Partner at H&Z, drives Procurement's digital transformation with over 15 years of expertise, delivering impactful, customer-focused solutions.

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Sven C. Schumacher