Why this matters to buyers
The use of AI to drastically reduce procurement timelines demonstrates a potential shift in industry practices, which could lead to faster sourcing cycles and new expectations for supplier responsiveness.
Recommended buyer actions
- Explore AI or automation tools to improve internal procurement efficiency.
- Prepare for potential requests for faster response times from customers adopting similar technologies.
Original source context
The pharmaceutical giant cut procurement timelines from months to weeks while challenging conventional wisdom on AI data readiness.
Read the original report · Supply Chain Dive