. https://www.businessleader.co.uk/machine-learning-helps-businesses-to-save-time-and-money/78063/

home.aspx
   

article
SHARESHARESHARE
MACHINE LEARNING HELPS BUSINESSES TO SAVE TIME AND MONEY
It is well-known that machine learning is used today in Amazon Alexa and other virtual consumer assistants, but it also plays an important role for businesses looking to save time and money when it comes to procurement.Procurement is a key player in the broader transformation and growth story for organisations, but it can be a costly exercise for both large and small companies. Companies of all sizes are looking for ways to drive cost and time savings, process efficiencies, and better control and visibility for procurement teams. For larger companies, this is particularly true in tail spend – this means all the unmanaged and seemingly insignificant purchases that often occur outside of the normal procurement processes. This can add up and accounts for 20-40% of the gross purchasing volume of a company. For smaller companies with tight budgets it’s important to find the best deals mistakes can be costly, but the time it takes to find the best products can be costly too. READ MORE