The Institute hosts an exclusive masterclass on AI in Procurement

Dubai, UAE; September 24, 2024: The Chartered Institute of Procurement and Supply (CIPS) MENA continues to shape the future of procurement with its exclusive masterclass on the transformative role of AI in procurement and supply chain management. The event, which took place last week at Burj Al Arab in Dubai, placed a spotlight on how artificial intelligence is set to revolutionise procurement, enabling more efficient and strategic supply chain management.

The masterclass titled The Science of Identifying, Utilising, and Automating Expertise, explored the strategic use of AI to automate decision-making, streamline processes, and improve supplier management.

CIPS is leading the conversation on upskilling procurement professionals to adapt to these advancements. Sam Achampong, Regional Director of CIPS Asia, Australasia, Middle East, and Africa (AMEA), emphasised the critical importance of AI adoption in procurement: “At CIPS, we are at the forefront of driving innovation in procurement practices. The role of AI in procurement isn’t just about automation, it’s about equipping procurement teams with the tools to combine cutting-edge technology with human intelligence. By doing so, we can achieve greater efficiency, make more informed decisions, and ultimately deliver more value.”

Sam Achampong, Regional Director of CIPS Asia, Australasia, Middle East, and Africa (AMEA)

Achampong added that CIPS is committed to revolutionising ways of working by blending AI with the expertise of procurement professionals. “While AI can handle data and streamline processes, the human element remains crucial in areas like strategic thinking, negotiation, and relationship management. At CIPS, we recognize that upskilling teams to work alongside AI is key to the future of procurement,” he added.