Artificial Intelligence in Procurement - Volume 1

This eBook, authored by Marc Kloepfel, dives into the transformative role of
Artificial Intelligence (AI) in procurement processes. It highlights how AI
streamlines operations, enhances decision-making and improves supplier
selection and management.

Overview of the EBook:

• Introduction to AI in Procurement
• Benefits and Challenges of AI implementation in procurement
• Procurement functions assisted by AI
• Advanced AI tools used in Procurement
• Role of ChatGPT in Procurement
• Barriers to implementing AI in procurement
• Effective Ways to Implement AI in Procurement

What Readers Will Gain:

• Understanding of AI’s Role: Learn how AI transforms procurement by
  enhancing efficiency, accuracy, and strategic decision-making.
• Insight into AI Tools: Discover various AI tools used in procurement,
  such as ChatGPT for contract management and supplier evaluation.
• Knowledge on Implementing AI: Gain insights into effectively
  implementing AI in procurement processes for strategic advantages.
• Challenges and Solutions: Understand common challenges in AI
  adoption within procurement and strategies to overcome them.

By reading this detailed eBook on Artificial Intelligence in Procurement, readers will not only grasp the current and potential applications of AI in procurement but also learn about the benefits, challenges, and key tools associated with AI
adoption in the procurement process. This knowledge can empower
procurement professionals to leverage AI technologies to drive value and
innovation in their organizations’ supply chains.

About Marc Kloepfel

Marc Kloepfel is an experienced professional from Germany with 25 years
in procurement and supply chain management. He co-founded Kloepfel
Group, a leading consultancy in Europe, and after merging with EPSA
group, became part of the largest SCM consultancy in Europe. Besides this,
Marc invests in ventures related to procurement, AI, ESG, and supply chain management, such as SCMDOJO. Throughout his career, Marc has been
passionate about sharing knowledge and experience with supply chain
enthusiasts across the globe. To align with this intention, Marc continues
to create informative online content and develop insightful eBooks such as “Artificial Intelligence in Procurement” that help transform a novice into an expert.