How GenAI is set to change procurement [Q&A]

In recent years generative AI has made its way into many areas of business, helping to transform and streamline processes. However, its potential in the procurement space remains relatively unexplored. We talked to Kevin Frechette, CEO of Fairmarkit, to find out how enterprises can exploit GenAI to gain agility, efficiency, and smarter decision-making in their sourcing decisions. BN: Why has the use of GenAI in procurement lagged behind other areas? KF: Procurement in general has been late to adopt technology overall. Sadly, this has fallen in line with procurement being historically viewed as a 'back office' function, and viewing themselves… [Continue Reading]