Procurement is under intense pressure to deliver cost savings, mitigate risk, improve sustainability, and play a more strategic role in the business. To meet these goals, and keep up with the rapid pace of change, teams need to be incredibly agile—and to become more proactive, and less reactive, in everything they do. AI is helping in some key areas of procurement

AI-assisted item recommendations bring together procurement policies to make it simple for users to find what they’re looking for, encourage spending within the company’s catalog to avoid unnecessary costs, and let the procurement department offer tailored help. It also provides quick access to preferred suppliers while incorporating helpful guardrails.