BCG – The Future of Procurement with AI, Feb 2025

Summary

The document is dedicated to the future of procurement using artificial intelligence (AI) and how AI can transform procurement functions, providing strategic advantages and operational efficiency.

AI offers opportunities for companies to gain strategic advantages and operational efficiencies through the transformation of procurement functions. AI and generative AI (GenAI) capabilities are already being implemented in the procurement value chain, providing immediate effects such as savings of up to 15% depending on the category. The path to capturing value through AI transformation can be conceptualized through four key pillars: assessing digital maturity, choosing the right technology, upskilling the team, and capturing value from suppliers. Companies are at different stages of their AI journeys, but exciting opportunities like effective procurement management are already beginning to emerge.

Region: Global

Published: May 2025

Author(s): BCG

Language: English

Tech drivers: AI Social Media

Social drivers: Diversity and equality Sustainability and ethics

Geopolitical drivers: Economic conditions Regulatory changes Supply chains disruption Workforce availability

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