Beckway Insights: 𝘼𝙄 𝙞𝙣 𝙋𝙧𝙤𝙘𝙪𝙧𝙚𝙢𝙚𝙣𝙩: 𝙒𝙝𝙚𝙣 𝙞𝙨 𝙩𝙝𝙚 𝙍𝙞𝙜𝙝𝙩 𝙏𝙞𝙢𝙚 𝙩𝙤 𝙄𝙢𝙥𝙡𝙚𝙢𝙚𝙣𝙩?

📈 AI is transforming industries, and procurement is no exception. 𝗢𝘃𝗲𝗿 𝟵𝟬% 𝗼𝗳 𝗖𝗵𝗶𝗲𝗳 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗢𝗳𝗳𝗶𝗰𝗲𝗿𝘀 (𝗖𝗣𝗢𝘀) 𝗯𝗲𝗹𝗶𝗲𝘃𝗲 𝗔𝗜 𝘄𝗶𝗹𝗹 𝘀𝗼𝗼𝗻 𝗯𝗲 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝘁𝗼 𝘁𝗵𝗲𝗶𝗿 𝗼𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻’𝘀 𝘀𝘂𝗰𝗰𝗲𝘀𝘀. But when is the right time to introduce it into your business?

🗝️ The key is to understand your objectives and identify the areas in the source-to-pay (S2P) cycle that will benefit most—whether it’s contract management, data analysis, or supplier management. Start small with targeted areas to achieve the greatest impact. It’s also crucial to assess your team’s readiness and resources for implementation.

📝Once you’ve identified your goals, create a plan, run pilot projects, and develop KPIs to track success. Regular evaluations and clear communication with your team will ensure a smooth and successful AI implementation.

👉 𝗥𝗲𝗮𝗱𝘆 𝘁𝗼 𝗹𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗔𝗜 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗽𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗽𝗿𝗼𝗰𝗲𝘀𝘀? Contact Michael Matteo, Managing Director at Beckway, at mmatteo@beckway.com to learn more!