How AI can help procurement departments reduce costs in 2024. As supply shortages sparked by the pandemic and the impact of global upheaval begin to ease for European businesses, ensuring cost-effective sourcing is once again becoming a priority.
According to Amazon's State of Shopping 2024 report, just under half (45%) would be willing to integrate AI into their purchasing efforts immediately or within one year. Almost all respondents believe their organization will invest in analytics and knowledge management, automation, and AI tools for its procurement operations in the coming years.