Procurement is becoming a strategic function that shapes resilience, innovation, and supplier collaboration. In this talk, we explore how Generative AI (GenAI) can support procurement teams during the defining phase — from developing sourcing strategies to managing supplier relationships and preparing for negotiations. The goal: move beyond automation and use GenAI as a strategic co-pilot for better decisions, faster execution, and smarter collaboration. In this session you will learn:
- How GenAI can enhance supplier partnership management by analyzing communication history and generating insights
- Ways to use GenAI in strategy development, including scenario planning and cross-data synthesis
- How to prepare and conduct negotiations more effectively using GenAI-powered briefings and deal history
- Practical steps to implement GenAI in your procurement processes, including data prerequisites and use case selection
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