This report is based on an August 2024 webinar hosted by ProcureCon Insights and SAP. The webinar explored current trends surrounding artificial intelligence (AI) in procurement, AI’s role in driving efficiency in procurement operations, and what steps procurement leaders must take to ensure they can successfully implement AI.

The industry experts who contributed to the webinar report that AI is a leading force in procurement digitalization, particularly in areas like spend analytics, category management, and process automation. These advancements are empowering procurement leaders to boost efficiency and enhance decision-making. Additionally, the webinar highlighted the importance of addressing ethical and security
challenges when adopting AI technologies.