Some other companies in the industry are already using AI in their supplier selection process. In recent months, Canada-based Magna International Inc., a provider of seating, electronics and ...

In my experience, the typical marketing supplier selection process can take more than 200 staff hours, diverting attention from critical business initiatives. When you factor in the average hourly ...

Here are a few ways that AI/ML can streamline the supplier selection process in particular: 1. Price Optimization: By integrating dynamic pricing models, ML algorithms can recommend optimal ...

“It’s about expanding the supplier selection process, increasing competition,” he says. “It’s about supporting economic development in diverse communities.” And in doing so, global supply chains boost ...