Welcome to your interactive guide to Artificial Intelligence. This series of short modules is designed to help the Rutgers sourcing team understand and leverage AI as a powerful tool in your daily work.
Think of AI as a sophisticated system trained to recognize patterns, make predictions, and generate new content based on the data it has learned. It's not about thinking robots; it's about practical problem-solving.
From Netflix show recommendations and Google Maps traffic predictions to email spam filters, AI is already integrated into the tools we use daily, making them smarter and more efficient.
Traditional AI analyzes existing data (e.g., identifies spam). Generative AI, the focus of this training, *creates* new content, like drafting an email or brainstorming ideas.
Just as Google Maps helps us find the best route, AI can help us find the best suppliers or the most effective negotiation strategy.
Stay updated with the latest developments in AI applications for strategic sourcing.
Agentic AI represents a new era in procurement technology, offering autonomous decision-making capabilities that go beyond traditional predictive and generative AI systems.
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Microsoft introduces Agent Mode in Office apps and Office Agent in Copilot chat, bringing agentic productivity to Office artifacts. Get started with a simple prompt and work iteratively with Copilot as it orchestrates multi-step tasks.
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McKinsey explores how organizations can transform their procurement functions by harnessing the power of data analytics and artificial intelligence for competitive advantage.
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Harvard's Program on Negotiation examines the role of AI chatbots in negotiation processes and their potential to enhance procurement negotiations.
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