Procurement Magazine Oct W1 2026 | Page 14

STATISTICS

WRITTEN BY: GEORGIA COLLINS

AI World Class modelling

97 % saw competitive bidding increase by

as well as 42 % greater supplier concentration, improving sourcing outcomes

Organisations pursuing process-led AI transformation are identifying advantages of up to

75 %

As purchasing quality improves, invoice errors declined by

76 % and invoice processing accelerated by

74 %

14 October 2026