AI in procurement: how it can help you to save time and money

AI in procurement shouldn’t feel like a threat to your role, it should feel like the colleague you always wanted. Instead of replacing your expertise, AI takes over repetitive, low-value tasks, such as cleaning spend data, matching suppliers, monitoring price changes, and identifying risks early. Imagine freeing up to 80% of the time you currently spend on manual analysis, for an investment that’s around 0.005% of your yearly spend on materials and services. 

That trade-off means more hours for strategic sourcing, stakeholder management, and supplier innovation, especially in complex areas like packaging, where you constantly juggle specifications, compliance, and volatile raw material prices.