Unveiling Aurizon's Research on Early Generative AI Adoption in Procurement
For years, Generative AI has been the next big thing across most industries, with known benefits such as code generation, content generation, and data augmentation. The question we face today is “Does Generative AI have a place in procurement?”.
Let’s take a step back. Regardless of how advanced your Generative AI tool is, is your procurement team capable of effectively utilising it? That was the question on Tiernan Fitzsimon’s mind. As the Procurement Leader (Technology & Facilities) at Aurizon, Australia's largest rail freight operator, Tiernan has successfully led numerous strategic sourcing initiatives and negotiated many complex, high-profile arrangements, critical for the company's operations.
With Generative AI as the next step, Tiernan surveyed the procurement team aiming to measure their understanding of generative AI and level of interest. In fact, 46.6% believes that Generative AI in procurement will significantly increase productivity, indicating high expectations and a strong interest in adopting AI within procurement operations.
In this study, he gauges the strength and speed of short-term adoption, and procurement activities that are more likely to see the desired benefits, including advice for companies looking to integrate AI at an early stage!
Download the study to dive into how the Aurizon procurement team are evaluating the adoption of Generative AI at an early stage.
