Redefining Procurement Performance in the Era of AI

Insights

Historically, technology in procurement has focused on transactional automation—from POs and invoices to catalogs and sourcing events. While these systems delivered efficiencies, they often left strategy untouched. Decision-making remained manual, slow, and reliant on backward-looking data. The new wave of AI changes that. We are now witnessing the shift from analytical AI (“Show me the data”) to agentic AI (“Do it for me”). Read more here.

Author: McKinsey & Company