This report explores the relevance of Artificial Intelligence (AI) in the procurement and supply chain industries. It highlights the evolution of procurement and supply chain through the digital era, changing expectations in meeting the digital imperative, and the digital agenda and rate of adoption. The report also introduces AI and its related technologies, such as big data and predictive analytics, and discusses the potential of analytics leveraging AI capability for source-to-pay, contract management, and guided buying. Additionally, the report covers the impact of AI on supply chain planning, demand sensing, and inventory management. It provides implementation strategies, challenges associated with implementation, and case studies to illustrate the potential of AI in procurement and supply chain. The report concludes by looking into the future of AI in these industries.
