AI in Procurement Basics Course
The AI in Procurement Basics course offers a comprehensive overview of the integration of artificial intelligence into procurement processes.
Professional Certificate
Earn a career credential that demonstrates your expertise
- 1 hour
- 9 Lessons
- 8 Quizzes
- Exclusive SCMDOJO Cetificate
- 4/5 (2 Reviews)
- 14 Students Enrolled
The course starts by defining AI and its components, such as Machine Learning, Natural Language Processing, and Robotics, emphasizing how these technologies simulate human intelligence.
The AI in Procurement course further explores AI’s role in procurement, enhancing efficiency, accuracy, and strategic decision-making through automating routine tasks, advanced data analysis, and supplier management.
Special focus is given to ChatGPT and Gemini, detailing their technologies and functionalities, such as the Transformer model and Google’s AI-optimized infrastructure.
The benefits and challenges of implementing these AI tools in procurement are discussed, along with hypothetical scenarios that demonstrate their practical application in vendor selection, contract negotiation, and inventory optimization.
Finally, the course outlines effective strategies for AI integration, emphasizing the importance of phased implementation, tailored training, and continuous monitoring to ensure successful deployment and utilization in procurement functions.
About the AI in Procurement Course instructor_Marc Kloepfel
I am Marc Kloepfel, founder of Kloepfel Group, and I bring over two and a half decades of expertise in supply chain and procurement consulting. Throughout my career, I have successfully managed over 1000 procurement projects, fostering a profound passion for the future of the supply chain industry. My interest particularly lies in the intersection of procurement with artificial intelligence, and I am actively investing in innovative startups that integrate AI with ESG and supply chain management innovations, focusing on markets around the world. As an advocate of AI in the supply chain, I am eager to share my knowledge globally. In partnership with SCMDOJO, I am excited about the opportunity to teach and underscore the transformative role of AI in making procurement and supply chain management cornerstones of business success.
What you'll learn
- AI Fundamentals: Understand the core concepts of AI, including Machine Learning, Natural Language Processing, and Robotics.
- AI in Procurement Applications: Learn how AI can be applied to automate tasks, analyze data, and improve decision-making in procurement.
- ChatGPT & Gemini in Procurement: Explore the specific applications of ChatGPT and Gemini in procurement processes, such as contract analysis and supplier selection.
- Benefits and Challenges of AI Implementation: Understand the potential benefits and challenges of implementing AI in procurement, including ethical considerations and data privacy.
- Strategies for AI Integration: Learn effective strategies for integrating AI into procurement processes, including phased implementation, training, and monitoring.
- AI-Powered Procurement Future: Gain insights into the future of procurement, exploring the potential of AI to transform the field and create new opportunities.
Course Content
What's Included
- Immediate unlimited access to course materials
- 30-day money-back guarantee
- Exercises and quizzes to help you put theory into practice
- English Closed Captions
- Full transcripts in PDF for each lesson
- Suitable for mobile or desktop
- SCMDOJO Certification when you pass the course quiz (accessible from Learning Center post-sign-in)
Requirements
- Access to Internet
- Computer / Laptop / Mobile Device
Earn a sharable certificate
- Showcase on your LinkedIn Profile under the "Licenses & certifications" section
- Download or print out as PDF to share with others
- Share as PDF online to demonstrate your skill
- The certificate's authenticity can be confirmed online using a QR code
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Reviews and Ratings
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Thorough explanation of benefits and challenges using AI in procurement along with examples of AI use shown in lesson 8.
It’s good good introduction for ChatGPT and gimini but How can we formulate prompts ChatGPT and Gimin for procurement step by step