Artificial intelligence is moving beyond its initial implementations in the procurement function. Given current levels of investment, it has become a strategic imperative for most organizations.

In this report, experts from ProcureCon examine the current state of AI adoption across organizations and their procurement departments. Notably, it reveals that there is already widespread implementation across the function's key focus areas, including supplier management, spend analysis, and more.

The findings demonstrate remarkably high satisfaction levels among procurement professionals who have implemented AI solutions, with organizations actively expanding their capabilities. However, many procurement teams have the opportunity to expand their use of AI, focusing beyond specific tactical applications to a more comprehensive form of strategic integration.