Artificial intelligence isn’t new to shipping, but the way some companies are using it is. That’s according to a report Saturday (Aug. 12) by the Financial Times, which finds that companies like Maersk, Siemens and Unilever are using generative artificial intelligence (AI) to source new supplies, finalize contacts...
Unless you’ve been living under a rock, or haven’t been reading your PYMNTS newsletter, you’ve probably noticed that there’s been a massive shift in the way brands and retailers approach customer service and engagement. One key factor contributing to this shift is the adoption of generative...
Add procurement manager to the list of jobs being aided by artificial intelligence (AI) tools. Walmart is using a chatbot developed by Pactum to negotiate cost and purchase terms with some of its vendors, Bloomberg reported Wednesday (April 26). The retailer uses the AI-powered tool...
Pactum, which works to let companies automate personalized commercial negotiations on a wide scale, has ended a seed funding round for $3 million, according to a press release. Some of the backers include Berlin-based Project A, a venture capital firm working with innovative startups, with investments...
June 07, 2024
As Amazon and Walmart compete for retail dominance, the two industry giants are implementing generative artificial intelligence across the supply chain to cut costs and boost profits. Amazon shared in a Monday (June 3) blog post how it is using AI at select sites to reduce returns through its “Project P.I.” model, named to suggest […]
August 13, 2023
Artificial intelligence isn’t new to shipping, but the way some companies are using it is. That’s according to a report Saturday (Aug. 12) by the Financial Times, which finds that companies like Maersk, Siemens and Unilever are using generative artificial intelligence (AI) to source new supplies, finalize contacts and make sure they aren’t doing business with companies tied […]
April 26, 2023
Add procurement manager to the list of jobs being aided by artificial intelligence (AI) tools. Walmart is using a chatbot developed by Pactum to negotiate cost and purchase terms with...
