Over the last few years , we ’ ve seen artificial intelligence being used for a host of procurement applications , from spend analysis to supplier risk management . Recently , the stature of procurement within the business has grown in importance , particularly after helping companies navigate pandemicdriven disruptions .

For procurement ' s position to remain elevated and for the function to continue evolving – considering more innovation , sustainability initiatives , and enhanced risk management – along with constantly increasing volumes of data , the use of AI is absolutely critical for fast decision making .

� SCHNITZER STEEL INDUSTRIES INC Schnitzer Steel Industries takes first place in Corporate Knights ' 2023 Top 100 list of Sustainable Companies

� KEELVAR Report proposes that 2023 will be the year of autonomous sourcing bots , according to a report by Keelvar

� MAIKE GROUP China ' s copper buyers face higher costs for the metal this year , caused by buyers and leading importer Maike Group ' s financial issues

� ALL-OUT BANS ON PLASTICS According to PlastIndia Foundation President Jigish Doshi , circular economies – and not a ban on plastics – is the solution to the conundrum

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