AI-powered systems can reduce manual effort by up to 50 %, freeing procurement professionals to focus on strategic activities
20 %
Predictive analytics and demand forecasting are credited with a 20 % improvement in risk management outcomes, as teams can flag supplier vulnerabilities early and make smarter sourcing decisions
10.6 %
The Hackett Group reports a 10.6 % increase in procurement workload globally, with a widening productivity and effectiveness gap due to a shortage of skilled professionals. This underscores the growing reliance on technology, including demand forecasting, to bridge operational gaps