The procurement function hasn’t traditionally been seen as leading the way in technological advancement. Most often it is sales and marketing that experiments and adopts emerging tech such as Generative AI. Many even expected Gen AI to pass the department by without much impact.
But, as Gen AI continues to influence business performance in all industries, procurement has taken notice and teams are embracing its adoption. Research found that almost a quarter (24%) of UK businesses have deployed Gen AI in procurement and supplier management in the last 12 months, with 55% planning on implementing Gen AI.
