AI Leadership Guide for Procurement

Research by Spend Matters

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Uncover practical AI applications in procurement and find out how your organization can adopt and benefit from AI technology today.

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AI in procurement: The guide for enterprises

Spend Matters leveraged their own market research on procurement technology vendors and insights gathered from direct feedback from 350 Chief Procurement Officers to develop this guide, covering key topics including:

Procurement pain points and how AI can help
Industry insights for adoption of advanced procurement tech and AI
An AI implementation framework for organizations to get started on this journey

Key highlights

56% of top performing organizations cited medium or high impact from AI on their procurement function
43% of respondents are using AI to enable non-strategic processes including category management, sourcing, supplier collaboration, risk and compliance
28% of respondents viewed data quality as the top barrier to digital procurement transformation

The research
Amazon Business commissioned Spend Matters to conduct a study exploring the current AI landscape in procurement. This guide explores the different types of AI-based tools that are improving procurement capabilities and performance.

FAQs

This report by Spend Matters highlights how AI can transform procurement by automating tasks, enhancing data insights, and enabling strategic decision-making. Download the report to explore how AI is reshaping procurement strategies.
Spend Matters highlights that AI can address inefficiencies, data challenges, and supply chain risks. The report dives into specific pain points and how AI provides solutions.
According to research by Spend Matters, AI adoption is growing, but many organizations are still in the early stages. Learn more about the current state of AI adoption in the full guide.
Some key barriers include data quality and stakeholder buy-in. This report offers strategies to overcome these challenges.
Procurement teams can focus on data quality, collaboration, and upskilling talent. The guide provides actionable steps for teams to get AI-ready.
Spend Matters found that AI is being used for spend analytics, supplier risk management, and more. Discover the top use cases in the full report.
The research shows that AI adoption differs by industry, with manufacturing and healthcare leading the way. Explore these industry-specific trends in this report.
Technological proficiency and data analysis are key skills for the AI era, according to Spend Matters. The guide outlines the skills needed to thrive.