Webinar Insights:

Cost Savings and Efficiency: Learn how AI has been instrumental in uncovering over $120 million in savings for companies like Target and Lowe’s, through precise identification of missed discounts and pricing errors.

Negotiation Processes: Discover how Walmart employs AI to streamline negotiations, achieving a 68% success rate with suppliers, thereby reducing cycle times and improving outcomes.

Productivity Improvements: AI's role in delivering the right information at the right time has markedly boosted productivity, reducing manual effort and allowing teams to focus on strategic tasks.

Data Management: The success of AI in procurement depends significantly on the quality of data available. The presentation underscores the importance of robust data governance to address integration challenges and enhance decision-making accuracy.

ROI and Market Trends: Reflecting on the 2024 Global CPO GenAI survey, approximately 50% of organizations have reported that AI integration has doubled their ROI compared to traditional procurement methods.

Enhanced Visibility: Insights from an Airbase report indicate that 63% of procurement professionals have experienced improved process visibility through AI integration, which is critical for agile and informed decision-making.

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