The Amazon Business State of Procurement Report shows that more than half ( 53 %) of respondents expect their budgets to increase in 2024 . Following a year of focusing on reducing costs , procurement leaders are now planning to use the funds they saved to invest in approaches to optimise their procurement processes and allow them to operate more strategically , with the efficiency and complexity of procurement listed as the top challenge they are currently facing . Among respondents , 98 % said they were planning investments in analytics and insights tools , automation , and artificial intelligence over the next few years .