AI in Procurement

You’re operating in an environment where small improvements in how you handle distressed accounts can translate into material balance sheet and customer experience benefits. AI is reshaping how you design, target, and execute loss mitigation programs — from predicting who’s likely to cure to personalizing workout plans and automating hardship intake. This article gives you practical, business-focused awareness: what AI can do for your loss mitigation efforts, how to approach implementation, the governance and operational nuances you’ll face, and clear next steps you can take today to increase productivity and reduce losses.

AI awareness training is essential for any professional looking to integrate AI technologies into their procurement strategy. It equips you with the knowledge and skills needed to understand how AI can be applied to real-world scenarios. By participating in such training, you’ll gain insights into various AI applications, such as predictive maintenance, risk modeling, and user experience enhancements. This foundational knowledge enables you to engage in informed discussions and make decisions that align with your organization’s goals.