Generative Artificial Intelligence in Source-to-Pay
Report
Generative AI is a revolutionary procurement technology that generates insights, recommendations, and content to enable smarter, faster sourcing, contract, and supplier decisions for early adopters to realise cost savings and process improvements.
Report Snapshot
- Generative AI offers many opportunities across sourcing, contracting and supplier management to optimise processes and decisions.
- Early adopters may gain competitive advantages through faster, smarter procurement enabled by this technology.
- Companies should focus on high-impact uses, while also preparing their infrastructure, talent and leadership support for success with generative AI.