Future-ready procurement: From cost control to value creation
· Source: scmr.com
In short
Procurement is undergoing a fundamental transformation from cost reduction to delivering total business value, with research showing that 70% of product costs are determined during design phases. AI is automating transactional tasks, freeing procurement professionals to focus on strategic supplier relationships and innovation. Leading organizations are shifting from short-term savings to long-term value creation through early engagement and transparent tradeoff communication.
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In the issue of week 44, 2025: Agentic AI Drives Unmatched Productivity and Resilience in Supply Chains
Tags: procurement, AI, automation, supplier, innovation, value