SAP Taulia: Procurement Faces Global AI Investment Deficit
· Source: supplychaindigital.com
In short
Procurement functions across global enterprises are facing a substantial AI investment gap despite rising demands, with only 35% of business leaders prioritizing AI in procurement compared to other functions. The report reveals that 72% of procurement professionals report increased expectations, while 44% believe AI can substantially address these challenges through risk detection, strategic decision-making, and spend analysis. Key barriers include data security concerns, lack of leadership awareness, and procurement not being viewed as strategic enough to justify AI investment.
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Tags: procurement, automation, forecasting, risk, spend, supply