Latin America on the road to process optimization thanks to Artificial Intelligence

Today, the implementation of artificial intelligence (AI) in business sourcing has become a fundamental tool to improve process efficiency and agility.

A study presented by HelloSafe, indicates that in the last five years, there has been a remarkable 250% increase in the adoption of AI globally by enterprises. This growth demonstrates the importance and positive impact that this technology is having on business management.

It is important to consider that business managers and purchasing and procurement managers are constantly facing challenges when managing and optimizing their company's procurement processes, which requires innovative solutions that allow them to obtain more effective and accurate results.

According to a report presented by IBM Global AI Adoption Index (IBM Global AI Adoption Index 2023), 29% of companies in Latin America have implemented artificial intelligence, while 43% are in the process of experimentation. 

These numbers indicate that the region shows considerable progress in the adoption of this technology, although it lags slightly behind the global trend, where 34% of companies already use artificial intelligence and 42% are in an exploratory stage.

The role of Artificial Intelligence in sourcing processes

The implementation of AI in enterprise procurement management offers numerous benefits. This technology has the ability to analyze large volumes of data in real time, providing valuable information for strategic decision making. 

In addition, the use of AI can automate and optimize procurement processes, reducing associated time and costs. The use of AI can perform tasks such as searching for suppliers, comparing prices and conditions, managing contracts and evaluating supplier performance, freeing up time and resources for procurement professionals. This allows them to focus on more value-added activities, such as strategic negotiation and supplier relationship management.

En este contexto, desde Wherex nos presentamos como una solución innovadora y eficiente para la gestión de compras empresariales. Como plataforma basada en inteligencia artificial, Wherex ofrece una amplia gama de funcionalidades diseñadas específicamente para facilitar y optimizar los procesos de adquisición.

Una de las ventajas destacadas de Wherex es su capacidad para conectar a las empresas con una red extensa de proveedores confiables. Con más de 34 mil proveedores registrados, la plataforma fomenta la competencia entre ellos, lo que facilita la búsqueda y selección de los socios comerciales adecuados. 

In addition to all the advantages mentioned above, our platform provides business managers and purchasing managers with access to reliable suppliers. This function is of vital importance, as it strengthens long-term business relationships and generates a positive impact on business conditions.