All About Supply Chain

The AI Shift in Procurement: What’s Really Changing

AI is not a buzzword anymore—it’s driving real change in sourcing, supplier intelligence, and contract management.

In this post, we break down:

How AI classifies spend in seconds

Drafts smarter RFPs

Flags supplier risks

And speeds up contract reviews by 50–70%

But the truth?
AI won’t replace procurement professionals.
It’ll only raise the bar for what’s expected from them.

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#AIProcurement #DigitalTransformation #SourcingExcellence #SupplyChainAI #AllAboutSupplyChain #ProcurementLife #ProcurementIndia #SmartSourcing #SupplierManagement #ContractAI #TCOAnalysis #SupplyChainLeadership

8 months ago | [YT] | 3

All About Supply Chain

The Materials Management (MM) module in SAP is used for procurement and inventory management. Here are the top 10 commonly used transaction codes (T-codes) in the MM module:

ME21N: Create Purchase Order - Used to create a purchase order for materials or services.

ME22N: Change Purchase Order - Used to change an existing purchase order.

ME23N: Display Purchase Order - Used to display the details of an existing purchase order.

ME51N: Create Purchase Requisition - Used to create a purchase requisition, which is a request for procurement of materials or services.

ME52N: Change Purchase Requisition - Used to change an existing purchase requisition.

ME53N: Display Purchase Requisition - Used to display the details of an existing purchase requisition.

MIGO: Goods Movement - Used to perform goods movements such as goods receipt, goods issue, and transfer postings.

MIRO: Enter Incoming Invoice - Used to enter and verify vendor invoices against purchase orders and goods receipts.

MM01: Create Material - Used to create a new material master record.

MM02: Change Material - Used to change an existing material master record.

These T-codes are essential for handling various procurement and inventory management processes within the SAP MM module.

1 year ago | [YT] | 0

All About Supply Chain

Difference between Purchasing, Sourcing and Procurement

Purchase

What it means: Buying the things you need.
Example: Imagine you’re having a party, and you need to buy a cake. Going to the store and buying the cake is like making a purchase.

Sourcing
What it means: Finding out where to get the best stuff for your party.
Example: Before you buy the cake, you might check out different bakeries to see who makes the best cakes at the best prices. This is like sourcing.

Procurement
What it means: The whole process of getting everything ready for your party.
Example: Planning the party involves deciding what you need (cake, balloons, games), finding the best places to get them (sourcing), and then actually buying them (purchasing). The whole process from planning to buying is like procurement.

So, purchasing is just buying the cake, sourcing is finding the best bakery, and procurement is making sure you have everything for the party from start to finish.

1 year ago | [YT] | 1

All About Supply Chain

How to prepare a flowchart which can help our subscribers to learn more about the topic? Mr Piyush Jangid did it in his own style. Check the video at https://youtu.be/u9JnxxG2P_w

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1 year ago | [YT] | 2

All About Supply Chain

The top 10 busiest sea ports in the world based on container traffic (measured in Twenty-foot Equivalent Units, or TEUs) are:

1. Port of Shanghai, China
2. Port of Singapore, Singapore
3. Port of Ningbo-Zhoushan, China
4. Port of Shenzhen, China
5. Port of Guangzhou, China
6. Port of Busan, South Korea
7. Port of Hong Kong, Hong Kong SAR, China
8. Port of Qingdao, China
9. Port of Tianjin, China
10. Port of Rotterdam, Netherlands

These ports are critical nodes in global trade, facilitating the movement of goods across continents and contributing significantly to the economies of their respective regions.

1 year ago | [YT] | 1

All About Supply Chain

Which technology is commonly used for tracking products and managing inventory in the supply chain?

1 year ago | [YT] | 0

All About Supply Chain

Which inventory management strategy focuses on minimizing inventory levels and reducing waste by receiving materials only as they are needed in the production process?

1 year ago | [YT] | 0

All About Supply Chain

Would you like to learn about how the complex supply chain behind courier shipments works? Should I make a video?

1 year ago | [YT] | 0

All About Supply Chain

Hey everyone! We want to know which supply chain topic you're most interested in. We would like to consider your inputs in planning our future videos:

2 years ago | [YT] | 2