Procurement Magazine March 2024 | Page 83

PROCUREMENT TECHNOLOGY
What lies ahead for Gen AI and the S2P process ? With the potential to digitally-disrupt the entire S2P process , from strategy through to governance , people , process and technology , Gen AI will no doubt transform the day-to-day operations of a function that continues to rely on manual activities .
However , if organisations are to be successful in their implementation of Gen AI within S2P and the wider procurement function it will be essential for leaders to recognise the importance of implementing a change of this magnitude .

“Digital transformation remains the no . 3 priority over the next 12 months , with 80 % of CPOs reporting it as their organisation ’ s top priority ”

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