AI

The global procurement function is currently navigating a period of unprecedented structural change, evolving from a transactional cost center into a strategic catalyst for enterprise growth and resilience. By the conclusion of 2025, an estimated 74% of Chief Procurement Officers (CPOs) will have integrated artificial intelligence (AI) into their core operations, supported by a procurement software market projected to surge to $9.5 billion by 2028. This evolution is not merel

AI Is No Longer a Future Consideration—It’s a Present-Day Imperative In 2025, artificial intelligence has become the strategic engine of procurement, redefining performance, sustainability, and competitiveness. While adoption is accelerating among large enterprises, many SMEs risk being left behind. The question is no longer  if  you should act—but  how soon . Transformative Procurement Change 1. From Tactical to Transformational: AI in Action Across industries, AI is lifting

Introduction As organisations worldwide accelerate their adoption of AI-driven procurement tools, the convergence of sustainability, ethics, and technology governance has never been more urgent. Today’s procurement leaders stand at a pivotal crossroads: the choices we make in leveraging technology will define not only our operational performance but our social and environmental legacy. This publication explores the latest global trends in AI procurement, the challenges we mus