RISK & RESILIENCE
90 %
leaders who believe AI and procurement technology will be important for managing cost fluctuations and supplier risks
He advises:“ Businesses shouldn’ t feel blocked to get started on this journey by data quality, as AI can often be used to improve, cleanse, enrich and even validate internal datasets that are missing or incomplete. And, if you wait until your data is perfectly clean in order to begin transforming, then you may be waiting a very long time.”
The strategic value of procurement Edmund consistently returns to a central theme: procurement must evolve from a tactical function to a strategic driver of business value.
“ Ultimately, procurement technology should not just streamline processes; it should empower organisations to turn procurement into a strategic driver of profitability and growth,” he concludes.
By combining AI, game theory and deep expertise in negotiation and supplier science, modern procurement teams can unlock trapped savings, reduce risk and significantly increase their influence over enterprise spend – transforming challenges into opportunities even in the most volatile global trade environment.
procurementmag. com 79