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Procurement Embraces AI To Reinvent Operations
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9.7
McKinsey’s October 2025 report and industry surveys show procurement facing mounting pressures—tariffs, inflation and shrinking budgets—driving rapid AI adoption. About 40% of procurement functions have piloted generative AI, producing measurable savings such as a pharmaceutical firm’s $10 million invoice-to-contract recovery; AI copilots boost productivity 25–40%. Analysts urge building COEs, governance, and reskilling to capture efficiency and mitigate risks.
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