News Summary

• A fifth of decision-makers say they lack systems to monitor and manage risk effectively.
• AI can help to address that by offering better visibility into purchasing activity.
• It can identify spending trends, spot anomalies within the supply chain, and uncover savings opportunities.
• By having AI embedded into everyday procurement workflows, teams spend less time searching for information and more time focusing on supplier relationships and strategic decision-making.
• AI has the potential to fundamentally reshape the role of procurement by moving the focus to more strategic work.