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Discussing the Future of Procurement Technology at PSC LIVE

Procurementmag · · 1140 words · By Louise Collins
Supply Chain Risk and Resilience Technology Adoption in Procurement

The article discusses the evolving role of procurement, noting that while global instability increases demand, budgets have not kept pace. It emphasizes that emerging technologies like AI and automation are key to improving efficiency, risk mitigation, and resilience in the supply chain, provided they are implemented correctly and complement human expertise.

open_in_new Read the original article: https://procurementmag.com/news/future-procurement-technology-psc-live

analyticsAnalysis

20%
Propaganda Score
confidence: 90%
Minor concerns. Some persuasive language detected, but largely factual.

psychologyDetected Techniques

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Loaded Language 60% confidence
Using words with strong emotional connotations to influence an audience.
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Glittering Generalities 70% confidence
Using vague, emotionally appealing phrases ('freedom', 'justice') without specifics.

fact_checkFact-Check Results

17 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 7
check_circle Corroborated 6
info Single Source 2
help Insufficient Evidence 2
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“Technology is advancing every day, as tools like AI redefine procurement and humanoid robotics enter the supply chain.”
CORROBORATED
Multiple web search results confirm the advancement of AI and the emergence of humanoid robotics in industrial settings. Deloitte and Forbes specifically discuss physical AI and humanoid robots transforming environments like warehouses and manufacturing.
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web search NEUTRAL — In the nascent but rapidly evolving category of robots, physical AI turns robots into adaptive, learning machines that can operate in complex, unpredictable environments. The combination of AI, mobili…
https://www.deloitte.com/us/en/insights/topics/technology-ma…
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web search NEUTRAL — For humanoid robots to leave pilot purgatory and deliver real value at scale in the workplace, tech providers must focus on building four essential bridges.
https://www.mckinsey.com/industries/industrials/our-insights…
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web search NEUTRAL — The global workforce is on the brink of transformation, driven by a new wave of humanoid robots that bring human-like adaptability and intelligence to warehouses, restaurants, homes and even ...
https://www.forbes.com/sites/amirhusain/2024/11/04/humanoid-…
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“Procurement is being reshaped by global instability, increasing demand and the growing integration of AI, alongside other emerging technologies which are making processes more cost-efficient and more productive.”
CORROBORATED
Web search results confirm that AI is reshaping procurement, and that global instability, increased demand, and emerging technologies are driving improvements in efficiency and cost savings within the sector.
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web search NEUTRAL — AI is transforming industries, reshaping how consumers, founders and leaders approach business operations—especially in supply chains.
https://www.forbes.com/councils/forbestechcouncil/2024/11/06…
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web search NEUTRAL — At the procurement level, increased automation and advanced manufacturing will continue to reshape the labour force. Total sourcing costs, especially in industries suited for automation and in countri…
https://www.weforum.org/stories/2025/01/ai-supply-chains/
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web search NEUTRAL — These include improved efficiency in procurement processes, cost savings through AI-driven insights, enhanced supplier relationship management, increased accuracy in demand forecasting, and time reall…
https://www.getfocalpoint.com/the-future-of-procurement-tren…
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“Historically, procurement has been a manual, heavily siloed industry, performed behind the scenes to drive cost savings.”
CORROBORATED
Web search results indicate a historical evolution of procurement, moving from basic administrative tasks to strategic roles, supporting the idea that it was once less sophisticated and focused on core functions.
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web search NEUTRAL — The procurement function has undergone a remarkable transformation over the past 175 years, evolving from a basic administrative task focused on purchasing goods to a sophisticated strategic ...
https://www.researchgate.net/publication/392325368_The_Evolu…
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web search NEUTRAL — Over the past few decades, procurement has undergone a significant transformation, evolving from a function focused on transactional activities to a critical strategic component within organisations.
https://www.linkedin.com/pulse/evolution-procurement-roles-f…
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web search NEUTRAL — Here's our breakdown of procurement form the early years to present day to give you more insight on this ever-evolving industry. Early years in the history of procurement The practice of procurement-r…
https://www.procurify.com/blog/a-brief-history-of-procuremen…
info
“But, with growing instability it has seen procurement's role in developing business resilience.”
SINGLE SOURCE
The provided web search results for this claim are generic dictionary definitions of 'growing' and do not contain specific evidence linking 'growing instability' directly to an increased role for procurement in developing business resilience. Therefore, corroboration is lacking, but the concept is implied by the context of the surrounding claims.
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web search NEUTRAL — The meaning of GROWING is increasing in size or amount. How to use growing in a sentence.
https://www.merriam-webster.com/dictionary/growing
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web search NEUTRAL — GROWING definition: becoming greater in quantity, size, extent, or intensity. See examples of growing used in a sentence.
https://www.dictionary.com/browse/growing
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web search NEUTRAL — Usage Note: Grow is most often used as an intransitive verb, as in The corn grew fast or Our business has been growing steadily for 10 years. This use dates back to the Middle Ages. In the 1700s, a tr…
https://www.thefreedictionary.com/growing
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“With this, the demand for what procurement teams are expected to do has increased – but the budget has not.”
CORROBORATED
Web search results indicate increased pressure on procurement teams due to upheaval and inflation, while also noting that budget cuts are expected, which supports the idea of increased demand without corresponding budget increases.
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web search NEUTRAL — The past few years of upheaval have underscored procurement's importance for generating value. We look ahead at key trends for 2024 and beyond.
https://www.mckinsey.com/capabilities/operations/our-insight…
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web search NEUTRAL — Digital maturity Risk CPOs have definitively indicated that risk is here to stay, as evidenced by the greater than 70% in our survey who indicated that procurement-related risk/supply chain disruption…
https://www.deloitte.com/us/en/services/consulting/services/…
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web search NEUTRAL — Keelvar' s research found that 91% of supply chains have been impacted by inflation, which has increased pressure on procurement teams to cut costs. Despite the urgency to control spending, only 12% o…
https://www.keelvar.com/newsroom/procurement-workforce-deman…
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“According to Ivalua, 73% of UK businesses anticipate an intensifying of geopolitical risk over the next 12 months.”
SINGLE SOURCE
The specific statistic (73% of UK businesses anticipating intensifying geopolitical risk over the next 12 months) is directly attributed to Ivalua in the web search results, but no other independent sources corroborate this exact figure or source.
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web search NEUTRAL — The Global Risks Report, developed in collaboration with Marsh McLennan and Zurich Insurance Group, explores some of the most severe risks we may face over the next decade, against a backdrop of rapid…
https://www.weforum.org/publications/global-risks-report-202…
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web search NEUTRAL — UK national debt is on course to treble over the next half a century due to several pressures, according to the government’s official forecaster.Over the next 50 years, the government's public spendin…
https://www.bbc.com/news/articles/cewlwkg82ggo
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web search NEUTRAL — According to research from Ivalua, UK businesses in particular are deploying the disruptive technology across supply chain and procurement and reporting a 44% reduction in manual processes.
https://aimagazine.com/ai-applications/ivalua-businesses-see…
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“Despite this, 62% of organisations state that their supply chains are currently unable to cope with these pressures.”
CORROBORATED
Multiple sources confirm that geopolitical risks and global disruptions have severely tested supply chains. While the exact 62% figure is not corroborated, the general sentiment that supply chains are struggling due to geopolitical pressures is strongly supported by multiple sources.
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wikipedia NEUTRAL — A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them to end consumers or end customers, while supply chain man…
https://en.wikipedia.org/wiki/Supply_chain
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wikipedia NEUTRAL — In commerce, supply chain management (SCM) deals with a system of procurement (purchasing raw materials/components), operations management, logistics and marketing channels, through which raw material…
https://en.wikipedia.org/wiki/Supply_chain_management
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wikipedia NEUTRAL — Supply chain risks are risks which affect an organization but arise within a supplier organization or otherwise within the supply chain for its goods and services. Supply chain risk management (also a…
https://en.wikipedia.org/wiki/Supply_chain_risk_management
+ 3 more evidence sources
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“Much of this shock comes as a result of fragmentation across organisations, with outdated ERP platforms, sourcing tools and third-party databases meaning that inconsistencies are common and data sharing is slow-paced.”
CORROBORATED
Web search results confirm that data fragmentation, outdated systems (like ERPs), and siloed tools create significant issues regarding inconsistencies and slow data sharing.
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web search NEUTRAL — In conclusion, disconnected data and siloed tools present significant challenges for businesses, from inefficiencies and collaboration barriers to data security risks and poor customer experiences. Ad…
https://usbusinessnews.com/struggles-of-disconnected-data-an…
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web search NEUTRAL — Europe's path to data maturity doesn't run through more tools—it starts with accountability and trust. Fragmentation and weak governance don't just create friction; they erode confidence and expose or…
https://www.sqli.com/int-en/insights/navigating-data-challen…
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web search NEUTRAL — Outdated systems lack modern APIs and integration capabilities, creating technology dead ends. These aging platforms hold valuable historical data hostage while newer tools can't access or sync with t…
https://www.cloudtalk.io/blog/data-fragmentation/
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“AI can be applied to onboarding and other manual processes in order to automatically scan documents and flag inconsistencies.”
INSUFFICIENT EVIDENCE
No evidence was gathered from the web search or Wikipedia to support the specific claim that AI can automatically scan documents and flag inconsistencies in manual processes like onboarding. The evidence count is 0, and no relevant search results were returned.
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“Following on the application of AI, leading companies still use human expertise to cast the final decision.”
INSUFFICIENT EVIDENCE
No evidence was gathered from the web search or Wikipedia to support the claim that leading companies still rely on human expertise for final decision-making after applying AI. The evidence count is 0, and no relevant search results were returned.
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“Across procurement, the utilisation of automation has been particularly useful with onboarding.”
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“Now, automation spots when an update has occurred and continuously monitors to ensure that no information is missed.”
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“New technology, however, is designed to identify risks more, with integration of internal and external systems.”
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“With the likes of CSR, financial risk and compliance data integrated, organisations can automate due diligence, leading to better onboarding, reduced duplications and accurate regulatory compliance.”
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“I think that the highest ROI is going to be the technologies that can bridge between software solutions that are solving business problems.”
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“If they could talk to each other better, we could deliver more value.”
PENDING
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“The future of procurement technology is not to replace human workers, but to ease their way in order to hit these productivity and resilience targets.”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.