What the data reveals about AI in procurement
See how the world’s top procurement teams are using AI. We’ve analyzed $618 million of spend and thousands of real-world interactions with our AI procurement agent – and revealed the results.
In this report, you’ll find out:
- Exactly where AI is making the biggest impact in procurement.
- How AI is reshaping procurement – and what a high-performing team now looks like.
- The cost savings you stand to achieve by combining AI-generated insights with expert human negotiators.
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.
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