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AI reshapes procurement into a strategic growth engine
AI is redefining procurement by improving forecasting, supplier management, and decision-making, enabling the function to evolve into a strategic growth driver.
Artificial intelligence is transforming procurement from a cost-control function into a strategic growth driver, according to industry experts. AI tools are helping organisations improve demand forecasting, supplier selection, risk management, and spend visibility. Leaders said intelligent automation enables faster decision-making, resilience across supply chains, and closer collaboration with business teams, positioning procurement as a value-creating partner rather than a back-office operation.