The official business definition of AI in Sourcing is the use of Artificial Intelligence (AI) technologies to optimize the sourcing process. AI in Sourcing enables organizations to streamline their procurement processes by automating repetitive tasks, reducing manual effort, and improving decision-making. AI-driven solutions can provide predictive insights into market trends, identify cost savings opportunities, and automate the negotiation process. AI in Sourcing also helps to reduce risk by providing better visibility into supplier performance and compliance. By leveraging AI in Sourcing, organizations can gain a competitive edge in the market and achieve cost savings, improved efficiency, and better supplier relationships.