Unlocking Procurement Efficiency: Unveiling ChatGPT Plus and its Promising Impact on the Procurement Industry

OpenAI has introduced a new subscription plan - ChatGPT Plus, available for $20/month. Subscribers to this plan will enjoy numerous benefits including general access to ChatGPT, even during peak times, faster response times, and priority access to new features and improvements. As of February 10th, 2023, OpenAI has expanded access to ChatGPT Plus for customers outside of the United States, thus widening its global reach.

Despite the new subscription model, OpenAI remains committed to its free users. The company will continue to offer free access to ChatGPT. The subscription pricing model is implemented primarily to support free access availability to as many people as possible. However, it's important to note that the cutting-edge functionalities of ChatGPT-4 are available as a part of the Plus subscription and are not extended to free members.

During its initial research preview, ChatGPT was launched to understand the system’s strengths and weaknesses better. Feedback from millions of users has helped OpenAI to make several important updates. Users across different professional fields, including procurement, have found significant value in this tool.

In procurement, for instance, ChatGPT Plus is useful for drafting and editing supplier contracts, generating insightful procurement reports, and offering innovative solutions to complex procurement problems. Its enhanced web-browsing capability allows for rapid online research, aiding in supplier vetting, market analysis, and price benchmarking. The faster response times and accessibility during peak periods make it an indispensable tool for time-sensitive tasks in procurement.

Furthermore, the system has also demonstrated its usefulness in providing programming assistance. For procurement professionals dealing with procurement software, ERP systems, or data analysis tools, this feature can be a valuable resource. It can assist in debugging, writing scripts for data extraction or automation, and explaining complex programming concepts.

In terms of learning and development, ChatGPT Plus aids procurement professionals by providing valuable insights into new topics, industry trends, and procurement best practices. Its ability to understand and generate context-relevant content can aid in continuous learning and skill development, thus enabling procurement teams to stay ahead of the curve.

OpenAI's plans for the future include refining and expanding the ChatGPT Plus offering based on user feedback and needs. A ChatGPT API waitlist will soon be launched, and options for lower-cost plans, business plans, and data packs for more availability are being actively explored. This illustrates OpenAI's commitment to making advanced AI tools like ChatGPT Plus more accessible and versatile for varied use-cases, including procurement.