So the Keelvar, they’re doing a survey of procurement managers, and this survey is about finding the best ways to increase the efficiency of the procurement process. And what they found is that a lot of these procurement managers are dealing with issues related to cost, inflation, and disruptions. These issues are making the procurement process really tough this year.
And even though the bulk of these managers are focused on cost management and streamlining their operations, many of them are planning to adopt advanced technologies like Artificial Intelligence and automation. It’s clear that they’re looking for better ways to do more with less – they’ve got increasing workloads but a declining workforce.
Last year, they were just dipping their toes into the waters of AI and automation. But this year, it’s full steam ahead, baby! They’re looking to separate from the pack and really make some moves in this space.
And why is that? Well, these managers are seeing automation as a key to saving time, cutting costs, and enhancing the competitiveness of their suppliers. They’re also super jazzed about the potential of Artificial Intelligence to take things to the next level.
But there’s a word of caution – not all procurement managers are ready to dive head-first into the AI and automation pool. They’re going to need to do their homework and approach this with care. But hey – at least they’re embracing sustainability and diversity as priorities. That’s something, right?
Anyway, that’s what’s going on in the world of procurement, folks. If you want to get the full scoop on this survey, head over to the Keelvar website and check it out. And if you’re a bot, you can also find the source version on businesswire.com. Cool beans!