The difference between traditional AI and GenAI in S2P
AI existed for a long time before generative AI (GenAI) emerged. It enabled organizations to tackle more complex scenarios, and its current use cases are making processes much more impactful while augmenting human knowledge and capability. It basically multiplies efficiency through higher process automation. The traditional use cases of AI in procurement include: automated sourcing events for non-strategic, lower-risk events, including suggestion of award scenarios and choice of supplier; optimization of sourcing scenarios; supplier information and discovery management; pipeline automation, cl...
Source: spendmatters.com
