AI is a critical tool in transforming procurement and supply chain operations, and enterprises are ramping up their efforts to leverage this fast-moving technology.
According to GEP-sponsored research from SIG — 2024 Guide to AI-First Digital Procurement Transformation — 46% of respondents have fast-tracked AI adoption compared to other IT investments.
Some procurement pros are taking an aggressive approach to implementation, with nearly one-third (29%) in the pilot testing phase and nearly one-quarter (24%) having taken steps to integrate AI into specific areas of their procurement processes, at least partially. But with just 12% of respondents reporting full-scale AI transformation of their procurement function, there are opportunities ahead.
What’s Inside:
- Identifying the potential roadblocks to procurement, with data a top challenge for 41% of respondents
- Upskilling the procurement workforce to meet the demand for implementing new AI tools
- Exploring the diversity of approaches to integrating AI into the procurement landscape
This paper is a must-read for procurement pros looking to drive procurement transformation with an AI-first approach.
Theme: Procurement
