How AI is powering the next phase of manufacturing procurement

Research by Spend Matters (part of The Hackett Group)

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Explore how AI is revolutionizing direct procurement in the manufacturing and industrial sectors, shifting it from a back-office function to a strategic enabler of business continuity and competitiveness

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This report highlights the role of AI technologies, including Generative I and Agentic AI, in enhancing procurement processes like demand forecasting, supplier discovery, risk management, and sustainability.

The paper also provides a practical framework for adopting AI, addressing challenges like data quality, stakeholder collaboration, and AI-centric risks. Ultimately, it emphasizes AI's potential to drive innovation, resilience, and efficiency in procurement operations.