AI in Action Procurement moves at AI speed
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Oct 21, 2025 Join procurement expert Daniel Barnes as he explores the transformative power of agentic AI in modernizing procurement processes. Daniel shares insights on leveraging AI to extract crucial data from contracts, enhancing speed and accuracy in decision-making. He emphasizes the importance of starting small with AI adoption, cautioning against overwhelming tech implementations. Additionally, he highlights how AI can free teams for more strategic negotiations while maintaining the vital human touch in supplier relationships.
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Procurement Is The Backbone Of Operations
- Procurement ensures organizations get the right goods and services at the right time, quality, and cost.
- Good procurement prevents poor commercial decisions and hidden overspend across businesses.
AI Unlocks Hidden Contract Data
- Procurement has been underserved by technology, leaving data trapped in spreadsheets and emails.
- AI can now extract contract data and surface supplier, commercial, and SLA details previously hidden.
Start Small And Scale With Narrow Use Cases
- Start AI adoption in procurement with narrow, well-scoped use cases like supplier due diligence.
- Scale from small wins instead of attempting broad, organization-wide AI overhauls.