This white paper explores how AI and data are transforming procurement into a strategic function. It highlights AI's role in spend optimization, supplier performance, risk management, and sustainability. Successful adoption requires clean data, user-centric design, cross-functional collaboration, and upskilling. Leading firms focus on a few high-value use cases, partner with IT, and create robust data platforms. Challenges include data quality, unclear business cases, and tool adoption. A clear roadmap, leadership buy-in, and a focus on impact are key to scaling AI-powered procurement.

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