AI in Procurement - The Reality
This is a world-first report, analyzing $618 million of procurement spend and 1,000s of real-world interactions with Vertice AI to reveal precisely where, how, and why procurement teams are using AI - and to what effect.
You'll learn:
- Why the greatest appetite for using AI is in high-value, insightful strategic work that directly impacts the bottom line.
- How AI is flattening hierarchies and eliminating traditional role-based working patterns.
And most importantly...
- ...that combining expert human negotiators with AI-generated insights delivers 30% more savings.
Analyzing an unrivalled dataset
The report draws on real-world interactions and usage data from Vertice AI - over $600m of analyzed spend across 32 countries.
Plus, analysis of 1000s of actual prompts used to draw insights from the world's largest global dataset of vendor insights and pricing benchmarks.
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AI's role in procurement: Not what you think
The received wisdom has been that operational efficiencies - automation, workflow improvements, document summaries and searches - would be the most popular tasks for AI in procurement.
But when given the chance in their procurement platforms, procurement teams will use AI more to create insights from their data - a 180-degree reversal of market predictions.