Discover the key steps Gartner says companies should take to successfully adopt AI in their procurement function:

• Educate executives and sponsors on use cases for AI in procurement to build buy-in on value potential.
  
  
• Align to the organization’s AI strategy and roadmap, prioritize tasks that demonstrate ROI such as cost savings, supplier risk reduction and working capital goals.
  
  
• Secure dedicated budget for AI technologies, data enhancement, organizational change management and a core team with cross-functional and technical members led by an AI Champion.
  
  
• Evaluate AI vendors and technologies that cater specifically to sourcing and procurement requirements and the organization’s security protocols, integration capabilities, total cost of ownership and vendor reputation.

Gartner, Quick Answer: How to Prepare for AI in Procurement 17 April 2024, By Naveen Mahendra

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