MANUFACTURING PROCUREMENT FEATURE
disruptions and helps manufacturers make informed supplier decisions. 3. Automated Procurement Processes: AI- enabled procurement platforms automate routine tasks such as purchase order creation, supplier negotiations, and contract management. By reducing manual intervention, companies can lower operational costs and improve efficiency. 4. Cost Optimisation and Price Forecasting: AI can analyse raw material prices, labour costs, and global trade trends to recommend cost-saving strategies. Manufacturers can proactively adjust procurement plans to take advantage of favourable market conditions. 5. Enhanced Supplier Collaboration: AI- powered platforms facilitate real-time communication and data sharing between manufacturers and suppliers. This fosters stronger partnerships, ensures compliance, and improves supply chain resilience.
Essential in manufacturing, procurement will become even more intelligent and adaptive in the future, as Yushiro Kato, co-founder and CEO, CADDi, explains
HOW DIGITAL
TRANSFORMATION IS REVOLUTIONISING PROCUREMENT
supply chain disruptions, and cost challenges. However, manufacturing is undergoing a rapid transformation driven by digitalisation and artificial intelligence (AI). AI-powered software solutions are changing the game, enabling companies to streamline procurement, improve decision-making, and save money.
T
THE NEED FOR DIGITAL TRANSFORMATION Procurement is the backbone of manufacturing, ensuring that materials, components and services are sourced efficiently to meet production demands. Yet, many manufacturers still rely on outdated systems, manual processes, and fragmented supplier networks. These inefficiencies lead to higher costs, increased lead times, and greater exposure to supply chain risks. Digital transformation offers a way forward. By leveraging advanced technologies such
raditionally, procurement in manufacturing has been a complex, time-consuming, process complicated with inefficiencies,
as cloud computing, automation and AI, manufacturers can optimise procurement processes, increase visibility across the supply chain, and improve supplier negotiation. The transition to digital procurement is no longer optional – it’s a competitive necessity.
HOW AI IS TRANSFORMING MANUFACTURING PROCUREMENT AI-driven procurement platforms bring a new level of intelligence and automation to manufacturing. Here are five key ways AI is making an impact: 1. Predictive Analytics for Demand Forecasting: AI-powered algorithms analyse historical data, market trends and external factors to accurately predict demand fluctuations. This allows manufacturers to optimise inventory levels, reduce waste, and prevent supply shortages. 2. Supplier Discovery and Risk Management: AI software can analyse supplier performance, financial stability and geopolitical risks to identify the best sourcing options. This minimises
REAL-WORLD IMPACT Digital solutions, such as CADDi, are at the forefront of revolutionising manufacturing procurement with AI-driven solutions. CADDi’s AI data platform enhances supply chain transparency, optimises supplier selection, and surfaces information needed for purchasing decisions. By integrating AI into procurement workflows, manufacturers can save significantly, reduce procurement lead times, and improve operational agility.
THE FUTURE OF AI IN MANUFACTURING PROCUREMENT As AI technology advances, the future of procurement in manufacturing will become even more intelligent and adaptive. Predictive AI will further refine demand forecasting, while blockchain integration will enhance transparency and security in supplier transactions. Additionally, AI-powered chatbots and virtual assistants will streamline supplier communications and negotiations, reducing administrative burdens. Manufacturers that embrace AI-driven
procurement solutions today will be better positioned to navigate future market disruptions, capitalise on emerging opportunities, and drive sustainable growth. With the right technology in place, manufacturers can gain a competitive edge and future-proof their operations in an increasingly complex global market. For manufacturing leaders looking to stay ahead, now is the time to invest in AI-powered manufacturing solutions. The transformation has begun – will your company be ready to lead the way?
CADDi
https://us.caddi.com/
Yushiro Kato
APRIL 2025 DESIGN SOLUTIONS 35
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56
