Alibaba's International Digital Commerce Group recently announced plans to launch an AI-powered conversational procurement engine in September. This innovative tool aims to transform the global procurement processes for small and medium-sized enterprises (SMEs) through intelligent automation.
The AI-driven engine will be seamlessly integrated across Alibaba's entire ecosystem, including platforms like Alibaba International, AliExpress, Tmall Global, and Lazada. One of its standout features is its ability to forecast procurement needs and deliver personalized recommendations. By leveraging big data analytics and machine learning, this system can accurately predict future purchasing demands and offer strategic procurement advice, helping businesses optimize inventory management and reduce operational costs.