Gartner Insights : Hype Cycle for Procurement and Sourcing Solutions, 2024

AI is transforming procurement—are you keeping up? The 2024 Hype Cycle highlights how AI-driven sourcing, predictive analytics, and procurement orchestration are reshaping supplier management, cutting costs, and boosting efficiency.

Key Insights:

AI adoption is accelerating – 70% of procurement teams use AI for sourcing, contracts, and analytics.
Automation eliminates inefficiencies – AI removes manual tasks, speeds cycles, and ensures compliance.
Predictive analytics enables smarter decisions – AI helps forecast trends and mitigate risks.

📢 OpenEnvoy is recognized as a vendor under AP Automation.

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