What role does AI play in modern procurement software, and how does it improve decision-making?



AI is reshaping the future of procurement by making processes more efficient, transparent, and data driven. Here’s how:

· Cost Analysis: AI tools analyse cost structures and provide actionable insights for cost reduction.

· Price Analysis: AI compares current prices with market averages and historical trends, helping businesses identify savings opportunities and negotiate better deals.

By leveraging AI-powered tools like AIMDRIVE-AI (https://aimdrive.com/), procurement teams can reduce costs and drive business growth in the supply chain.

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