The year 2025 will also see a focus on flexibility in contracts and supply chains, with companies favoring shorter commitments to quickly adapt to market changes. The AI revolution in procurement will expand, with AI transitioning from assistive tools to autonomous agents, optimizing processes with minimal human intervention. This evolution will enhance efficiency, compliance, and strategic purchasing. Success in 2025 will depend on how well procurement teams streamline experiences, refine processes, and optimize technology investments, setting new industry standards.
Key takeaways:
- Orchestration in procurement allows integration of preferred tools while maintaining centralized control, leading to reduced purchasing cycles and cost savings.
- Procurement teams are transforming with embedded professionals and specialized orchestration teams, focusing on stakeholder experience and internal satisfaction.
- Increased M&A activity is expected in the procurement technology space, driving convergence of traditional models with specialized tools.
- The AI revolution in procurement will see AI evolving from assistive tools to autonomous agents, optimizing processes with minimal human intervention.