1、TABLE OF CONTENTS01.Executive Summary02.Introduction03.AI Adoption in Procurement04.Challenges and Concerns05.Evolution of Procurement Professionals06.Data Infrastructure Readiness 07.AI Integration Challenge08.Leadership Approach to AI Investments09.AI Integration Ease 10.AI-Powered Procurement Sys
2、tem Upgrades 11.Navigating AI Skill Sets and Upskilling Needs 12.Decoding Tomorrow:Automating Tasks13.ROI in AI Adoption14.Competitive Differentiation&Collaboration with AI Vendors15.Conclusion16.Recommendations17.AcknowledgmentsOctober 2023 to Jan 2024Research was undertaken by GEP 2024.All Rights
3、ReservedEXECUTIVESUMMARYProcurements DigitalTransformation Ambitions!In todays rapidly evolving businesslandscape,the role of AI in reshapingprocurement and supply chain operations isundeniable.This whitepaper presents insightsfrom a comprehensive study,aiming to gaugethe importance of AI adoption f
4、or achievingcompetitive advantage in the dynamic AIeconomy.Our study delves into the various facets of AIadoption,assessing current AI adoptionstages,iden tifying challenges,and envisioningthe evolving role of procurement professionals.We also evaluate the readiness ofprocurement data infrastructure
5、,trainingefforts,and team skill sets,along withperceptions about ROI timelines and theimportance of AI adoption for differentiation.GEP delivers AI-powered procurement andsupply chain solutions that help globalenterprises become more agile and resilient,operate more efficiently and effectively,gainc
6、ompetitive advantage,boost profitability andincrease shareholder value.Fresh thinking,innovative products,unrivaleddomain expertise,smart,passionate people this is how GEP SOFTWARE,GEPSTRATEGY and GEP MANAGEDSERVICES together deliver procurement andsupply chain solutions of unprecedented scale,power