PROCUREMENT TECHNOLOGY
“ AI can give procurement teams the foresight to act before disruption hits”
Alex Saric, Smart Procurement Expert, Ivalua
Alex adds:“ In practice, this operates as a human-agent model. AI agents monitor data continuously and surface recommended actions or modify workflows, while procurement teams apply context and make the final decisions.
“ Beyond monitoring, organisations can build their own agent-driven use cases to analyse spend patterns for existing suppliers or model how supplier failures could affect production or revenue. Two things determine whether this works – clean, consistent data across suppliers, contracts and spend and firm governance so agents operate safely.”
By automating routine supplier risk management, an approach 62 % of firms already find effective, procurement teams gain the foresight to act before disruption hits. Survival in this new era depends on making a“ hard reset” to enable strategic moves, not just tactical fixes, ensuring business infrastructure remains standing against the shifting sands of global trade.
procurementmag. com
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