Artificial Intelligence (AI) May Drive More Efficient Automotive Parts Purchasing

Following years of supply chain challenges and production schedule reductions, artificial intelligence poses potential productivity upsides for parts purchasing processes. One AI company, Arkestro, created predictive procurement software that helps companies eliminate two steps in the purchasing process. By allowing the AI to generate and analyze the quotes, purchasing departments can allocate time and resources to higher-level objectives, saving time and money while reducing ordering errors.