AI-powered procurement: Decode, deploy, deliver

Artificial intelligence. It’s the topic on everyone’s minds – not just in procurement, but across the world of business and beyond. Leaps forward in the sophistication and accessibility of the technology over the past 18 months mean it is imperative that leaders understand its long-term implications.

While AI presents plenty of potential opportunities for procurement – from automating negotiations to generating valuable insights from contracts – the pace of change is slow, with many functions reporting they are being held back by problems with their data, funding and skills.

AI-powered procurement: Decode, deploy, deliver, published in partnership with Ivalua, examines the ever-evolving procurement technology landscape, providing detailed insights into procurement functions' tech stacks, investment priorities and the steps they are taking to harness the power of AI in their organisation.

Download the report to gain insights into:

• The extent of procurement technology support and the impact of AI components.
• Procurement teams' priorities for digital investments.
• Real-life examples of the AI use cases that leading organisations are currently exploring.
• How CPOs and their teams are preparing for AI by investing in new data infrastructure and upskilling staff.