UAE News 4U recently reported on TransformationX’s launch of Procure Co-Pilot, an AI-powered procurement tool designed to forecast trends, automate routine tasks, and enable data-driven decision-making. This innovation aims to enhance efficiency and competitiveness in procurement processes by reducing cycle times, minimizing human errors, and optimizing supplier management. Arun Bruce, CEO of TransformationX, emphasized that integrating AI in procurement provides organizations with a significant edge in cost efficiency and agility. He highlighted that Procure Co-Pilot is built with enterprise-grade security, ensuring sensitive procurement data remains secure and confidential. The tool offers AI-driven analytics to identify spending inefficiencies, evaluate suppliers based on real-time market conditions, and automate RFQs and contract management. TransformationX estimates that by 2030, 80-90% of routine procurement tasks will be managed by AI, allowing professionals to focus on strategic growth initiatives.
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